Forex: AUD/USD Technical Analysis – Is Bearish Momentum Fading?
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- Positive RSI divergence hints at a bounce as prices test 0.8882 (61.8% Fib exp.)
- Reversing above resistance at 0.8936 (50% Fib exp.) exposes 0.8991 (38.2% Fib exp.)
- Breaking below support targets 0.8815 (76.4% Fib exp)
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Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
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