AUD/USD is at 8 months high. AUD/USD is in an uptrend since January 2014. The most important question that the analysts are asking is will this AUD/USD rally last.AUD/USD rose to 0.95051 this Tuesday when the Reserve Bank of Australia didn’t change the interest rates and sounded less dovish to the market than expected.
However there is a bearish divergence appearing on the daily timeframe. If there is a strong bearish daily candle today and this bearish divergence signal gets confirmed that can mean the end of the AUD/USD rally.