DiNapoli is still in the positive zone, but has made a triple touch on the descending trendline, adding to the bearish momentum and also creating a new resistance level. The price action on AUDUSD has done the same, past 12 hours shows bullish stagnation in the pair and a failure to make a new high over .80272, the previous peak made on May 8th.
Currently the recent candle rests under a trendline providing strong resistance, and has hit an RSI resistance level. Momentum is bearish.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.