AUD/USD – bearish RSI divergence

AUDUSD H1 (03-14-2016 1245)

hourly chart shows price-RSI divergence.

Strong support is seen at 0.7503 – rising trend line resistance + 127.2% Fibo level.

Watch out for a rebound from 0.7503, culd translate into re-test of 0.7583-0.7593 would render bearish price-rsi divergence powerless., opening doors for further rally.

A break below 0.7503 would expose 0.7427

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