AUD/USD Technical Analysis: Bearish RSI divergence

  • The AUD/USD hourly chart shows a bearish price-relative strength index (RSI) divergence.
  • The bearish setup on the hourly chart adds credence to rejection at downward sloping (bearish) 50-candle moving average (MA) on 4-hour chart and descending (bearish) 10-day MA and indicates scope for a drop to 0.74.

Hourly chart

Spot Rate: 0.7422

Daily High: 0.7444

Daily Low: 0.7419

Trend: Bearish


R1: 0.7444 (10-day MA)

R2: 0.7475 (May 29 low)

R3: 0.7543 (bearish 50-day MA)


S1: 0.7399 (5-day MA)

S2: 0.7345 (June 21 low)

S3: 0.7319 (May 2017 low)

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.