AUDUSD- Bearish Outlook DiNapoli & RSI band
DiNapoli is still in the positive zone, but has made a triple touch on the descending trendline, adding to the bearish momentum and also creating a new resistance level. The price action on AUDUSD has done the same, past 12 hours shows bullish stagnation in the pair and a failure to make a new high over .80272, the previous peak made on May 8th.
Currently the recent candle rests under a trendline providing strong resistance, and has hit an RSI resistance level. Momentum is bearish.
Currently the recent candle rests under a trendline providing strong resistance, and has hit an RSI resistance level. Momentum is bearish.
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