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Even if the AUD/USD is pointing north, this team could in theory fall as the price of oil is possibly getting ready to skewer. These divergences do happen from time to time. Unless we see a splinter below 0.98, this pair shouldn't be doing that. |
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However, it is low-class for the price to bounce off the Bands a second time before a confirmed move towards the unfixed average. To know more about Foreign Exchange market and how it works, avail of the direct e-book Foreign Exchange Guide Book from ForexCT |
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Polytechnic indicators are showing that the pair is likely to turn bearish in the neighbouring future, providing forex traders with an excellent opportunity to bound on this trend from the beginning. We will be looking at the 8-hour AUD/USD chart provided by |
