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Pika7993

Clear technical sell analysis

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
Pika7993  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators AUDUSD DXY Relative Strength Index (RSI) support Support and Resistance
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trendanalysis chartpattern indicator audusd dxy relativestrengthindex support supportandresistance
Presented is the 1 hr chart with MACD and RSI technical in play.

RSI dropped below 50 and is heading for oversold zone while MACD/SIGNAL diverted under zero line creating additional sellers momentum.

DXY is finding confirmed support further confirming currency dips against the dollar.

Take profit at first key support below lower low at .76000. Stop loss above current resistance hold of .77700.

Please comment with thoughts and ideas. Thank you.
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