USD strengthening with home sales being up AU hitting resistance on technical Hoping for a fall in price with my first entry if possible If price continues down IF it goes down the second entry could be possible (could) Not entering yet but price could be weakening
Trade the trend 2 hours till close Im thinking that UJ will go up again to follow the trend Sunday market will decide
There's 3 divergences on rsi on 2 different time frames, and divergence on OBV AU economic news coming out today NAB conference could impact price heavy later Possible technical analysis short on divergence and resistance bounce Watch the news
AU is showing bearish divergence on rsi 1 day and obv 4 hour from last peak AU could continue up if news it good PPI and sales news about to come out we will see
DXY in consolidation while hitting resistance Possible run to resistance than a fall back through support continuing the downward trend Will see within the next few days but a trend continuation is looking tasty
I would like to see price hit resistence reject and break Bearish Market structure formed Could run to 128.750 and reject
If price reaches resistence it could reject and break through support. Bearish market structure coming our way.