Fueled by the recovery in global financial markets, AUDUSD is gaining some Bullish momentum.
However, it seems to have run into some sort of resistance near the previous highs above 0.62.
There is also a bearish divergence on the hourly chart.
So, let's see if AUDUSD heads lower and if it does, the levels mentioned in the chart will come into the picture. But, first, the 100H EMA at 0.6150 is the support.
However, it seems to have run into some sort of resistance near the previous highs above 0.62.
There is also a bearish divergence on the hourly chart.
So, let's see if AUDUSD heads lower and if it does, the levels mentioned in the chart will come into the picture. But, first, the 100H EMA at 0.6150 is the support.
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