AUD hit strong resistance
AUD reached strong multiple resistance on monthly chart - yearly floor S4 and monthly kijun.
Price also reached monthly reversal level R3 max monthly value (overvalue).
Reversal from here is very likely. Dollar will be strengthening against AUD - coincides with our USDCHF analysis.
Newly formed AUDUSD daily pivot range is very thin today - we might see a lot of volatility to the downside.
Bear Harami on daily. Bear Evening Star and Bear Sash on 4 hrs - identified by Nison Candle Highlighter software.
Price also reached monthly reversal level R3 max monthly value (overvalue).
Reversal from here is very likely. Dollar will be strengthening against AUD - coincides with our USDCHF analysis.
Newly formed AUDUSD daily pivot range is very thin today - we might see a lot of volatility to the downside.
Bear Harami on daily. Bear Evening Star and Bear Sash on 4 hrs - identified by Nison Candle Highlighter software.
Penafian
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