FX.co ★ AUD/USD Update for December 04, 2023 - Berish divergence on the oscillator

Technical analysis:

AUD/USD has been trading downside this morning and I found rejection of the previous swing high at 0.6680, which is good sign for the further downside movement.

Due to the rejection of the previous swing high and the bearish divergence on the RSI oscillator, I see potential for the further drop towards lower references.

Downside objectives are set at the price of 0.6570 and 0.6524

RSI oscillator is showing fresh bearish divergence in the background, which is sign for the downside rotation.

Key resistance is set at the price of 0.6680