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Aud/Usd is on its way down towards a Fibonacci Expansion Target and good support area
Aud/Usd is bearish at the moment, as government is talking down the currency towards 0.82 level;
this is seen as a right projection of the currencies value in Australia
On the charts we see that the currency is weak at the moment against Usd,
and further decline is likely to follow
If I draw Fibonacci expansion level of the last bigger move - then the 61.8% level comes in just below 0.8450,
the last smaller mov…
Aud/Usd is bearish at the moment, as government is talking down the currency towards 0.82 level;
this is seen as a right projection of the currencies value in Australia
On the charts we see that the currency is weak at the moment against Usd,
and further decline is likely to follow
If I draw Fibonacci expansion level of the last bigger move - then the 61.8% level comes in just below 0.8450,
the last smaller mov…