02.03.202010:29 Forex Analysis & Reviews: Short-term technical analysis on AUDUSD

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AUDUSD is showing reversal signs at the start of the week. The Daily candle so far is looking strong enough to challenge and break above the highs of Friday's daily candle. The bullish RSI divergence is also supporting our bullish short-term expectations.

Green line - bullish divergence

AUDUSD is expected to continue its bounce this week specially if bulls manage to recapture 0.6590. Our first target is at 0.6655 and with high probability of reaching 0.67. The RSI bullish warning supports our view and I believe this is not the time to be short AUDUSD. I prefer to be neutral if not bullish.

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