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AUDUSD seems in a strong bearish trend on the daily chart. Price is now testing the 0.7560-0.7660 support area. Assuming the bearish will able to break and hold below this support area, price seems ready to dive lower.
In order for us to find the next target below, we will zoom out to the weekly chart. Going back all the way to April 2009, we can easily detect the 0.7000 big round number as an important technical level. It is obvious that this area as first acted as a resistance area, after a st…
In order for us to find the next target below, we will zoom out to the weekly chart. Going back all the way to April 2009, we can easily detect the 0.7000 big round number as an important technical level. It is obvious that this area as first acted as a resistance area, after a st…