Buying opportunity as price keeps getting rejected at weekly support.
It may have end up in consolidation for a little longer but it may breakout to the upside. There's RSI divergence as well indicating buyers are slowly buying up this pair.
This pair is showing an RSI divergence at the oversold levels, and at weekly support level.
Friday's price was a strong bull candle engulfing the previous candle, showing us buyers are here. Same is true of AUDUSD.
Today we saw a break of the minor trendlines, looking to test resistance at 84.50. With a candle this strong it will most likely break that support to continue higher. Australian dollar has risen today against all majors. This may have been due to the US-China Trade Wars and is encouraging South East Asia demand for those dollars (risk on currency AUD), instead of ...
Pair has broken down the support. Expecting short continuation as the weekly downward trendline has been a great strength in this pair as well. This is possibly going to 1.2550s
What do you guys think? Let me know in the comments