AUDUSD: Candles Hint Selling to Resume
Strategy: Pending Short
AUDUSD has produced a bearish Harami candlestick pattern following a retest of support-turned-resistance at a rising trend line set from June’s major swing low, hinting sellers are positioned to retake the upper hand. Negative RSI divergence reinforces the case for a downside scenario. We will look for confirmation on a break below a secondary rising trend line (now at 0.9918) to enter short.
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