The Australian dollar may have formed a tweezers top inside an
upward sloping wedge. Caution is deemed necessary at this point
because if the bottom line of the wedge pattern is broken this
would signal a sharp move downward. Taking some profits off the
table could be a wise move at this juncture.
Divergence between chart and RSI also points to caution!
Disclaimer.
This is not investment advise, but is published for educational
purposes. No liability will be accepted for any loses resulting
from this publication. Wishing you success! :)
upward sloping wedge. Caution is deemed necessary at this point
because if the bottom line of the wedge pattern is broken this
would signal a sharp move downward. Taking some profits off the
table could be a wise move at this juncture.
Divergence between chart and RSI also points to caution!
Disclaimer.
This is not investment advise, but is published for educational
purposes. No liability will be accepted for any loses resulting
from this publication. Wishing you success! :)