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AUD/USD, GBP/USD: Is A Top In Place?: Levels & Target? - Citi

From efxnews.com

Having moved to new highs in the recent uptrend 2 days ago there are some strong indications that the rally in AUD/USD is now over, says CitiFX Technicals. "It moved above the .9461 10 April high on a closing basis only to then close back below this level the following day. The high at .9505 overshot the 76.4% pullback of the .9758-.8660 fall by just 6 pips (.9499).The new high was seen with momentum divergence on the daily (not shown) and weekly charts "A close tomorrow below .9354, if seen, would be a bearish outside week at the trend high and suggest a re –test of the recent lows at .9203-.9211...A weekly ... (full story)

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