AUD / USD: 4 hour chart – Flags formation
Price below diagonal resistance and 200MA
Price action: pin bar of resistance – a negative signal
50 / 200MA: 50 under 200 – a negative trend
CCI (50) rotated by zone of over bought market – probably fall
Sentiment: Expectation from Fed to rise interest rates on December 14th should support the dollar and will have negative impact on risk appetite.
Alternative scenario: If the price crosses over 200MA, it will spoil the negative formation