EURAUD DIVERGENCE

Jul 5, 2018

Bearish divergence can be found on the 4hr timeframe. I believe this pair is destined for a drop weaker USD=stronger gold=strong aud. We can expect 1.565 in the coming days/weeks if it supports my analysis.

Jul 6, 2018

Note

EURAUD has respected the uptrend channel. I do feel that a downfall is inevitable for this pair, I still have my eyes set on 1.565.

Jul 6, 2018

Note

Forgot to mention that we have slowly been straying away from the upper trend line (resistance) showing weaker bullish momentum.