AUD/USD has been bearish since June 2014. It remains bearish, but has rebounded this week. Let’s take a look at the charts and assess whether we might be seeing a shift in trend. Now, starting with the daily chart. we can see that the latest bearish candle was a strong one, and should signal bearish continuation. However, the AUD/USD has been fighting this week, creating a bullish divergence in the daily chart. We are at the crossroad between a possible consolidation/correction and the bearish continuation scenario. The favored scenario is always the prevailing one, which is bearish. The 4H chart also ... (full story)