AUDUSD on major resistance, potential major reversal!

17 ม.ค. 2018

AUDUSD is testing major resistance at 0.7988 (78.6% Fibonacci retracement, horizontal swing high resistance, bearish divergence) and a strong drop could occur at this level to push price down towards 0.7883 support (23.6% Fibonacci retracement, horizontal pullback support).

RSI (34) sees bearish divergence versus price signaling that a potential reversal is upcoming.

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