AUD/USD: Fake breakout on daily
Hi guys, AUDUSD is forming a promising setup on the daily chart.
The price made what looks like a fake breakout with a bearish pinbar candlestick near the 61.8% Fib level. The level also aligns with a horizontal and trendline resistance.
The RSI formed a bearish divergence in a pair that is overall in a healthy downtrend.
Let's see what today's NFP will give us, and bear in mind that a US-China trade truce or any positive news on that matter may support the Australian dollar.
Please hit the "LIKE" button to support our work. Thanks!
The price made what looks like a fake breakout with a bearish pinbar candlestick near the 61.8% Fib level. The level also aligns with a horizontal and trendline resistance.
The RSI formed a bearish divergence in a pair that is overall in a healthy downtrend.
Let's see what today's NFP will give us, and bear in mind that a US-China trade truce or any positive news on that matter may support the Australian dollar.
Please hit the "LIKE" button to support our work. Thanks!
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