FX.co ★ AUD/USD analysis for November 20, 2018

Recently, the AUD/USD pair has been trading sideways at the price of 0.7258. According to the H4 time – frame, I have found a fake breakout of the resistance at the price of 0.7300, which is a sign of weakness. I also found the breakout of the support trendline in the background and hidden bearish divergence on the MACD oscillator, which is another sign of weakness. Watch for selling opportunities with the target at the price of 0.7167.