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AUDUSD on major resistance, potential major reversal!

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Dollaro australiano / Dollaro (FX:AUDUSD)  
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FX:AUDUSD   Dollaro australiano / Dollaro
Trend Analysis Harmonic Patterns Chart Patterns AUDUSD aud USD audusdshort audusdlong audusdforecast audusdsignal audusdsell Forex
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trendanalysis harmonicpatterns chartpattern audusd aud usd audusdshort audusdlong audusdforecast audusdsignal audusdsell forex
AUDUSD is testing major resistance at 0.7988 (78.6% Fibonacci retracement, horizontal swing high resistance, bearish divergence) and a strong drop could occur at this level to push price down towards 0.7883 support (23.6% Fibonacci retracement, horizontal pullback support).

RSI (34) sees bearish divergence versus price signaling that a potential reversal is upcoming.

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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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