AUD/USD: Probing Upper Part Of S/T Channel Limit - SocGen

Rebound in AUD/USD is probing upper part of a short term channel limit at 0.7720/0.7770.

Daily RSI is diverging negatively showing possibility of a short term reaction. Retest of recent lows at 0.7490 can’t be ruled out. Graphical levels at 0.7390 will be an important short term support.

Only a move above 0.7830, the 76.4% retracement from May highs will mean further recovery.

Copy signals, Trade and Earn $ on Forex4you - https://www.share4you.com/en/?affid=0fd9105