DLavrov

AUDUSD Bearish Divergence

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
Price diverged with MACD and RSI. We have a bearish divergence and it's a trend reversal signal. RSI confirmed price reversal from 0.80500 level. MACD confirms downward movement. DMI allows open short trades. We can place pending orders for sell below MA50. Stop orders must be placed above the resistance level. Profit target is MA100. If price breaks MA100, we'll see further downward movement to the support levels.

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