Hi guys,
this is what i'm looking at today. AUDUSD (and also NZDUSD) is facing a strong resistance zone on the daily and weekly chart. Price is showing RSI divergence on the daily timeframe and also an overbought condition on the weekly. With the right confirmation on the lower timeframes, this could be a nice trading opportunity. Keep you updated!
If u have question/ideas, share down below.
Otherwise, see you in the next chart!
this is what i'm looking at today. AUDUSD (and also NZDUSD) is facing a strong resistance zone on the daily and weekly chart. Price is showing RSI divergence on the daily timeframe and also an overbought condition on the weekly. With the right confirmation on the lower timeframes, this could be a nice trading opportunity. Keep you updated!
If u have question/ideas, share down below.
Otherwise, see you in the next chart!
Comment:
Price has fallen and is now back to retest the previous highs. I'm ready to sell but still too early. Keep you updated