4th July: as discussed in webcasts AUDUSD has been weak since the lower high at the 1.0365 poc in late April. As chart approaches the Support at 0.8954 there is a positive divergence between price and the CP Price Osc (dashed). Bulls would want to see that Support hold and retail traders turn less bullish if there’s a rally, currently they are still very long and that’s not encouraging (contrarian). Price below 0.8954 would indicate continuation of the trend.
