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Antonio_trader

Potential Double Top AUDUSD 1 hour

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
Antonio_trader Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
Chart Patterns AUDUSD
4
0
chartpattern audusd
Potential double top with bearish divergence on RSI. A break of the neckline is a good entry, first target at MPO, above 0.75.
Little economic data coming out today, technical trading is easier, but watch out for new developments in 'China Trade Talks' situation.
Comment:
Price action tested 38% again, RSI still bearish. Could form a triple top.
Comment:
Neckline broken.
Comment:
First Target hit on dollar as dollar strength continues on rising 10-year yields to 3.001 and easing trade tensions after Trump vowed to help the Chinese telecom giant ZTE.
RBA minutes released showed a dovish tone.
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