AUD/USD Plausible price action

2018年4月3日

Kind of a channel or a flag is in a strong divergence with both RSI and MACD. The indicators foresee a bullish market while the price is still going down. Not for long, though. What is more, the price is nearing the EMA which signals a lowering volume and measures the trend's strength - in this case it weakens. We also have 3 major resistance levels which we will further reconsider and gauge in order to predict more accurately. For now, the more aggressive traders have already entered and the more passive or prudent traders will wait for a reversal confirmation by the price or a breakout and even a test.
*Disclaimer: this is for educational purposes only*