TheOmega
Short

AUDUSD- Bearish Outlook DiNapoli & RSI band

FX:AUDUSD   Australian Dollar / U.S. Dollar
DiNapoli is still in the positive zone, but has made a triple touch on the descending trendline , adding to the bearish momentum and also creating a new resistance level . The price action on AUDUSD             has done the same, past 12 hours shows bullish stagnation in the pair and a failure to make a new high over .80272, the previous peak made on May 8th.

Currently the recent candle rests under a trendline providing strong resistance, and has hit an RSI resistance level . Momentum is bearish .
The recent spike close below the trendline has created a very bearish outlook. Very good for this short!

It shows just how strong this trendline.
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