Today RBA Cut the the Key Interest Rate by 25 basis points From 1.75 to 1.5 as Consensus suggested.
The Australian Dollar rallied and now has formed a Bearish RSI Divergence on the 4 Hour chart after Hitting Important Resistance of 0.7620-30 looks Like it will pull back a bit at least to 0.7540 which also a important support and fib level before rallying again.
Short at 0.7620-10
Stoploss Close above 0.7640
Target 0.7540
Happy & Profitable Trading :)
Cheers!!!
AUDUSD
The Australian Dollar rallied and now has formed a Bearish RSI Divergence on the 4 Hour chart after Hitting Important Resistance of 0.7620-30 looks Like it will pull back a bit at least to 0.7540 which also a important support and fib level before rallying again.
Short at 0.7620-10
Stoploss Close above 0.7640
Target 0.7540
Happy & Profitable Trading :)
Cheers!!!
AUDUSDNote
The Recent 4 Hour Candle rejected higher prices which should be good for bears going forward.Note
volume looks like picking up :)Note
Going nicely the 4hour bullish pin has be undone by the Bears :) Cheers!!! Way to go :)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.