Aud/Usd is on its way down at the moment
There are strong bearish candles and weekly trendline is bearish too
61.8% fibonacci expansion level of the last weekly move has been broken and retested
and price is still below - indicating a move towards 100% fibonacci expansion level
I believe price will reach this level around 0.84 before bouncing up again
therefore I have drawn an imaginary fibonacci retracement from this level
to see towards where the bounce can go
Aud/Usd weekly chart
On the…
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