itsjustanalysis

AUDUSD Short based on high levels of some technicals.

Short
itsjustanalysis Mis à jour   
OANDA:AUDUSD   Dollar Australien/Dollar Américain
There is a nice firm rejection candlestick on the 27th followed by a weak bullish candle on the 28th. Double top also on the daily. The OBV show lower high and has been testing it's EMA, momentum looks like it is weakening. RSI is in overbought territory and looking to start moving down. MACD remains very elavated at these levels.
Transaction en cours:
We are down from the open. Hourly is showing some consolidation with the Lagging Span (Chikou Span/Black Line) right in the cloud with the Tenkan-Sen (Conversion Line/Green Line) and Kijun-Sen (Base Line/Red Line). RSI is neutral, fast MACD crossing the 0 line with the slow line slopping towards the 0 line. OBV is also down.
Transaction en cours:
Transaction en cours:
My renko chart is showing a clear breakdown of price tonight. A combination of the fundamental news release and these overbought areas are primer for a push down. We'll see though.

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