AUDUSD testing major resistance, watch for a bullish break!

12 ก.พ. 2018

AUDUSD is testing major resistance at 0.7844 (23.6% Fibonacci retracement, horizontal overlap resistance, channel exit potential) and only a clean break above 0.7844 resistance could potentially open a move up to 0.7902 resistance (Fibonacci retracement, horizontal overlap resistance).

RSI (89) has made a bullish exit from our long term descending resistance-turned-support line signaling that a change in momentum to bullish could be expected.

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