This parity is technically a downtrend. It has been descending since 2007 and it has just touched the down trendline that supports this move. And it has broken out of a short-term triangle. It still needs to be confirmed on a Daily Chart
200 Moving Averages: Bull W, D
Low H4 RSI
Just contacted a Daily trendline, and it just broke down off a triangle.
Trend: the two short-term MA’S are bearish, and still can go below the Daily average.
Risks:
May still go higher for the Weekly trendline. (Prepare a Sell Limit)
AUD Interest rate decision Monday
AUD Monetary Policy statement Thursday
200 Moving Averages: Bull W, D
Low H4 RSI
Just contacted a Daily trendline, and it just broke down off a triangle.
Trend: the two short-term MA’S are bearish, and still can go below the Daily average.
Risks:
May still go higher for the Weekly trendline. (Prepare a Sell Limit)
AUD Interest rate decision Monday
AUD Monetary Policy statement Thursday