The below is the H4 chart of the AUDUSD. The green 5-period EMA has crossed below the orange 10-period EMA (aqua ellipse) and the RSI has moved to the bearish side of 50 (blue rectangle). The EMAs are also showing angle and separation which is a further bearish development. We note that the RBA minutes were dovish and indicated that the central banks will ease further to support jobs and growth if needed. We continue to monitor.
Past performance is not an indicator of future results.
CHART SOURCE: FXCM MARKETSCOPE 2.0
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