AUD/USD is in a bullish trend. The price action is aligned with the OBV signalling a strong price to volume convergence. The RSI is also making a LL signalling a possible Hidden Bullish Divergence. Expecting bulls to push prices higher as buyers seem to be in control.
Confluence:
- Bullish Flag chart pattern
- Bullish Harami candlestick pattern
- Price is aligned with volumes (OBV)
- Price is making a HL while RSI is making a LL
Confluence:
- Bullish Flag chart pattern
- Bullish Harami candlestick pattern
- Price is aligned with volumes (OBV)
- Price is making a HL while RSI is making a LL