Aussie Dollar Resistance

The Australian Dollar has been in an uptrend and is up over a 1000 pips since this time last year.

Have we hit a top again? The resistance has been hit 3 times and is now in a triangle. The resistance is at the figure and MACD divergence should be noted aswell.

Wait for a breakout / breakdown then use our ESLT.


Chart courtesy of Advanced GET. Data provided by eSignal.

Forex Analysts
Anne Chapman & Javid Shaik