AUD/USD Intraday: the RSI is overbought
AUD/USD (AUD/USD)
-0.00132-0.21%
the upside prevails as long as 0.6333 is support
Our pivot point is at 0.6333.
Our preference: the upside prevails as long as 0.6333 is support
Alternative scenario: below 0.6333, expect 0.6312 and 0.6300.
Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.6336 and 0.6328).
Supports and resistances:
0.6413 **
0.6401 *
0.6389 **
0.6376
0.6351 last
0.6341
0.6333 **
0.6312 *
0.6300 **
Our preference: the upside prevails as long as 0.6333 is support
Alternative scenario: below 0.6333, expect 0.6312 and 0.6300.
Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.6336 and 0.6328).
Supports and resistances:
0.6413 **
0.6401 *
0.6389 **
0.6376
0.6351 last
0.6341
0.6333 **
0.6312 *
0.6300 **
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