AUDUSD neutral

Will the divergence reverse the AUDUSD direction?

23 march 2022 94
Elena_Berseneva
Elena_Berseneva

Listed among the best MarketCheese authors
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In the daily chart, the divergence between the AUDUSD price and the DeMarker indicator is clearly noticeable.

Usually such a divergence implies a reversal of the price movement.


If the pair closes below 0.746 today, the signal of the price and indicator divergence will be completely formed and we can expect the pair decline to the range of 0.728.

Elena_Berseneva
Elena_Berseneva

Listed among the best MarketCheese authors
1st in the segments "Indices", "US stocks" and "Metals"
2nd in the segment "Currencies"
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