The Intraday Chart of AUDUSD reveals a Broadening Formation. This pattern is Bearish.
We can see price has successfully formed 3 higher peaks.
With each peak forming Divergence on 2 parameters -
1. Volume - as each peak is formed on progressively lower volume.
2. RSI - prints lower on each peak as well.
There has been a break of the support level and its retest.
Looking for the Aussie to move down next week towards the underlying supply zone at 67 flat.