AUD/USD has halted just ahead of the base of the 2013-2015 down channel at 0.7597.
Key Quotes:
"This is holding currently for a small rebound. We note the divergence of the RSI."
"Initial resistance is 0.8034 (7th Jan low). Key resistance is the 0.8130 downtrend. A close above here is needed to alleviate the bearish pressure."
Below 0.7597 we have very little apart from the 0.7335, 50% retracement of the move up from 2001.
Key Quotes:
"This is holding currently for a small rebound. We note the divergence of the RSI."
"Initial resistance is 0.8034 (7th Jan low). Key resistance is the 0.8130 downtrend. A close above here is needed to alleviate the bearish pressure."
Below 0.7597 we have very little apart from the 0.7335, 50% retracement of the move up from 2001.
