AUDUSD: Bearish Reversal
Price broke out of a very strong resistance zone to the upside.
As you can see price has reached the 61.8% fib extension level
The RSI indicator is also in the overbought territory.
I think we might see a bearish reversal from the level to the
Resistance turned support zone which also aligns with the 20MA.
As you can see price has reached the 61.8% fib extension level
The RSI indicator is also in the overbought territory.
I think we might see a bearish reversal from the level to the
Resistance turned support zone which also aligns with the 20MA.
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