LachlanGO

AUDUSD - major resistance at 0.65 proving tough to crack

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
Looking at the AUDUSD 4-hour chart a double top of testing the major resistance level is forming with both tops having entered the extreme RSI overbought level. A repeat of the early November retracement back to the range mid-price of 0.6400 is looking a possibility for this pair unless we see another sell-off of the US Dollar. The sole tier 1 news release out of the US for the remainder of this week is weekly unemployment claims which is unlikely to see a big reaction in the USD.

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