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$AUD/USD Bearish RSI Divergence on 4 Hour Chart

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
robin_bajaj_7 Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
audusdshort trading shortterm countertrend careful Forex passion lifestyle Fibonacci Retracement Support and Resistance
4
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audusdshort trading shortterm countertrend careful forex passion lifestyle fibonacciretracement supportandresistance
Today RBA Cut the the Key Interest Rate by 25 basis points From 1.75 to 1.5 as Consensus suggested.
The Australian Dollar rallied and now has formed a Bearish RSI Divergence on the 4 Hour chart after Hitting Important Resistance of 0.7620-30 looks Like it will pull back a bit at least to 0.7540 which also a important support and fib level before rallying again.

Short at 0.7620-10
Stoploss Close above 0.7640
Target 0.7540

Happy & Profitable Trading :)
Cheers!!!

AUDUSD
Comment:
The Recent 4 Hour Candle rejected higher prices which should be good for bears going forward.
Comment:
volume looks like picking up :)
Comment:
Going nicely the 4hour bullish pin has be undone by the Bears :) Cheers!!! Way to go :)
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