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Australian Dollar Forecast: AUD/USD May be Setting Stage for Reversal – DailyFX
It was a quiet week in Aussie as AUD/USD put in its second consecutive week of indecision. But taking a more granular look highlights the potential for a reversal scenario.
Australian Dollar, AUD/USD, Aussie Technical Forecast: Bearish
- AUD/USD put in a second consecutive week of indecision on the chart.
- Reading between the lines, with an elongated case of RSI divergence on the Daily and a shorter-term rising wedge on the four-hour, the door may soon be opening for reversal scenarios in the pair.
- The analysis in this article heavily utilizes price action and chart patterns. To learn more about price action, check out our DailyFX Education …
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