EURAUD 30-minute RSI has broken 70 for the first time since the recent top, and traveled to 80+. In usual times, this would imply that a further update of the highs is likely. Currently, the RSI sits at the 50 level that served as support for wave (ii). Breaking this level down would imply that the upward momentum becomes weaker than it was at the beginning of the current leg higher, i.e. waves (i)-(ii).
