The Australian Dollar has moved to test the highs set in 2017 as expected but technical positioning has started to warn of a possible reversal in the works. Negative RSI divergence points to ebbing upside momentum, hinting that buyers may be rejected near the 0.81 figure once again. Near-term support is at 0.7978, the 76.4% Fibonacci expansion. A turn below this barrier would mark a break of the uptrend from mid-December lows and expose the 61.8% level at 0.7887. Alternatively, a daily close above the 23.6% Fib expansion at 0.8081 targets the 38.2% threshold at 0.8159. RSI divergence need not necessarily precede ... (full story)