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AUD/USD: suitable level for sell position

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AUD / USD: downtrend, mid-term correction of the trend.

Price under the  diagonal resistance and it is under the  previous peak - suitable level for short position

Divergence: bearish divergence  - a higher peak in the graph, but lower peak of the indicator RSI

price action: Dark-Cloud Cover - Bearish Reversal - probably a new downward movement

Sentiment: Today we expect  Nonfarm Payrolls at 15:30. the data are very important because it will reduce or increase speculation about the actions of the Fed and interest rate. Expectations are for good data. Therefore, we can expect support the dollar.

Stephen D. Angelov - Head of Stocks Trading


 Varchev Traders
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