Chart of the Day: AUD/USD

Intraday, the AUDUSD set up a double top (which is currently playing out) but the tweezer top daily candles and a possible break below the .7630 level could expose a move back to the .7420 August highs.
Daily RSI is divergent which is a stern warning for the bulls.
We should also note the multiyear Fibonacci retracement (38.2%) is also at .7630 (not pictured).

Author

Blake Morrow
Forex Analytix
Blake Morrow spent most of his professional career as the Chief Currency Strategist for Wizetrade group for 15 years, and then the Senior Currency Strategist for Ally Financial after the acquisition of Tradeking which owned the Wizetrade Group.

















