DislikedThe pulse of risk-on to start the week boosted the AUD/USD from Friday’s close near 0.9910 to slightly crack the 1.00 level just moments after retail fx opened for the week of 6/11-6/15. In the 4H chart, the RSI tagged 70 fell to around 50 and is pushing above 60, a sign of bullish momentum developing. This initial push gives the AUD/USD a bullish tone for the week, especially if the opening jump can be followed by a push above the 1.00-1.0020 resistance area. If the market fails to push above 1.0020, and falls below last week’s low, as well as...Ignored
Is the weekend gap factored into the RSI?