The STOCH RSI set at 6-6-14-14 works quite well at spotting DIVERGENCES.The AUD$ is long term bullish , it'sabove the 100 and 20MA.But the last 3 candles are BEARISH and we have HIDDEN DIVERGENCE.Take profit.
I think this is a great trade setup for the short side. All the talk about QE and China continuing to slow is a recipe for the AUD to take a big, long slide down. It's a low-risk trade, at least, to go short here and use a stop over the highs. Downside appears to be 0.96, then cascading targets down to 0.81.