Hi guys, AUDUSD is forming a promising setup on the daily chart.
The price made what looks like a fake breakout with a bearish pinbar candlestick near the 61.8% Fib level. The level also aligns with a horizontal and trendline resistance.
The RSI formed a bearish divergence in a pair that is overall in a healthy downtrend.
Let's see what today's NFP will give us, and bear in mind that a US-China trade truce or any positive news on that matter may support the Australian dollar.
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The price made what looks like a fake breakout with a bearish pinbar candlestick near the 61.8% Fib level. The level also aligns with a horizontal and trendline resistance.
The RSI formed a bearish divergence in a pair that is overall in a healthy downtrend.
Let's see what today's NFP will give us, and bear in mind that a US-China trade truce or any positive news on that matter may support the Australian dollar.
Please hit the "LIKE" button to support our work. Thanks!
