AUDUSD RSI UpWard Trend

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Keep in mind, the break of the September-high (0.7315) instills a constructive outlook for AUD/USD, but the advance from the 2018-low (0.7021) appears to sputtering ahead of the 0.7400 (38.2% expansion) handle as both price and the Relative Strength Index (RSI) threaten the upward trends carried over from October.

With that said, lack of momentum to hold above the 0.7320 (50% expansion) to 0.7340 (61.8% retracement) region brings 0.7230 (61.8% retracement) on the radar, with the next downside region of interest coming in around 0.7170 (23.6% expansion) to 0.7180 (61.8% retracement).

Next downside hurdle comes in around 0.7090 (78.6% retracement) to 0.7110 (78.6% retracement) followed by 0.7020 (50% expansion), which lines up with the 2018-low (0.7021
AUDUSD

Penafian

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