bajajharsimran
Short

$AUD/USD Bearish RSI Divergence on 4 Hour Chart

FX:AUDUSD   Australian Dollar / U.S. Dollar
Today RBA Cut the the Key Interest Rate by 25 basis points From 1.75 to 1.5 as Consensus suggested.
The Australian Dollar             rallied and now has formed a Bearish RSI Divergence on the 4 Hour chart after Hitting Important Resistance of 0.7620-30 looks Like it will pull back a bit at least to 0.7540 which also a important support and fib level before rallying again.

Short at 0.7620-10
Stoploss Close above 0.7640
Target 0.7540


Happy & Profitable Trading :)
Cheers!!!

FX:AUDUSD            
Comment: The Recent 4 Hour Candle rejected higher prices which should be good for bears going forward.
Comment: volume looks like picking up :)
Comment: Going nicely the 4hour bullish pin has be undone by the Bears :) Cheers!!! Way to go :)
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