AUD/USD’s rally from 0.6864 continued to 0.7207 last week, but retreated since then. Considering bearish divergence condition in 4H MACD, a short term top could be formed. Break of 0.7136 will bring deeper fall back to 38.2% retracement of 0.6864 to 0.7207 at 0.7076 first. On the upside, above 0.7207 will target a retest on […]
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EUR/USD’s fall from 1.1710 accelerated lower last week. Considering bearish divergence condition in 4H MACD, a short term top should be in place. Initial bias is mildly on the downside this week for 55 D Read more…