Dollar Falls to a 5-Month Low

AUD/USD:

This pair’s sustained upward movement has finally pushed its price into overbought territory on the 8-hour chart’s RSI. Not only that, but there actually appears to be a bearish cross on the Slow Stochastic indicating an imminent downward correction. Forex traders have the opportunity to wait for the downward breach on the hourlies and go short in order to ride out the impending wave.