Looks like the previous high was broken on the 1 hour timeframe. The Mac D has crossed over to the top side. RSI is also overbought. AUD strength may e exhausting at this level and may be close to time for a retracement. Would like to see a retracement of 38% or greater towards the previous low which was the last time the mac d was on the bottom side. Price has also been increasing while volume has shown some regression the past few hours. Let's see what happens.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.