Potential Double Top AUDUSD 1 hour
Updated
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.
Little economic data coming out today, technical trading is easier, but watch out for new developments in 'China Trade Talks' situation.
Note
Price action tested 38% again, RSI still bearish. Could form a triple top.Note
Neckline broken.Note
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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