FX.co ★ AUD/USD Update for December 15, 2023 - Potential for the downside movement

Technical analysis:

AUD/USD has been trading upside in the background but I found rejection of the resistance at 0.6725, which is sign for the potential downside pullback.

Due to loss of the upside momentum and the bearish divergence on the RSI oscillator, I see potential for the downside movement towards lower reference/

Downside objective is set at the price of 0.6625

RSI oscillator is showing fresh bearish divergence, which is sign for the potential pullback...

Key resistance is set at the price of 0.6730