AUD/USD is forming bearish divergence

The AUD/USD formed a bearish divergence on the hourly timeframe, after a rapid growth at the start of the week. In conditions of significant overboughtness of this pair and the test of strong resistance levels: 0.7000 and 0.7030, this signal can serve as a reason for the reversal of the AUD/USD pair.

AUD/USD pair sales should be considered below the zone: 0.6990-70 on the reversal formation.

Support levels are located at the levels: 0.6930 and 0.6900. Resistance is located at the levels: 0.7000 and 0.7030.

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Hanzenko Anton

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