Potential Double Top AUDUSD 1 hour

2018年5月14日

Potential double top with bearish divergence on RSI. A break of the neckline is a good entry, first target at MPO, above 0.75.
Little economic data coming out today, technical trading is easier, but watch out for new developments in 'China Trade Talks' situation.

2018年5月14日

註釋

Price action tested 38% again, RSI still bearish. Could form a triple top.

2018年5月14日

註釋

Neckline broken.

2018年5月15日

註釋

First Target hit on dollar as dollar strength continues on rising 10-year yields to 3.001 and easing trade tensions after Trump vowed to help the Chinese telecom giant ZTE.
RBA minutes released showed a dovish tone.