AUD/USD finished higher yesterday, with a key resistance level above the D1 chart being breached, with a strong uptrend. The RVI indicator forms a golden cross. If you want to pursue stability, you can wait for the RVI and the signal line to break through the 0 axis. The 200EMA is also below the price, indicating that investors should look for opportunities to go long and not short.
Looking back at the H1 chart, the RVI indicator has also formed a death cross signal. The RSI indicator is also heading towards the 60 range. Although the SAR is currently seen below the price, the distance between the SAR and the quotation is not very large, and the short signal is most likely false.
All transactions involve risks, the above analysis is for reference only. When placing an order, be sure to set the lot size and remember to set the stop loss.201:32 PM