Possible Head and Shoulders pattern emerging
CCI shows overbought plus moving average is falling.
Recently I posted that AUD will fall based on other technical indicators below 0.92, any advance above that is a selling opportunity.
It's hard to image the RBA allowing the currency to rise too much considering the resources sector is on it's way down. That's one of the main reasons for the elevated AUDUSD in the first place, right?
Recently I posted that AUD will fall based on other technical indicators below 0.92, any advance above that is a selling opportunity.
It's hard to image the RBA allowing the currency to rise too much considering the resources sector is on it's way down. That's one of the main reasons for the elevated AUDUSD in the first place, right?