Potential short-term reversal(AUDUSD)
AUDUSD has recently rejected a keylevel and is showing signs of divergence on the stochastic and rsi (8hr time frame) so this is a good indication of some sort of reversal.
if we get a break and close below 1.66153 on the 1hr time frame then I'll be looking for a retest to go short.
KEY NOTE: there is key US inflation data due today so beware!
if we get a break and close below 1.66153 on the 1hr time frame then I'll be looking for a retest to go short.
KEY NOTE: there is key US inflation data due today so beware!