Australian dollar analysis

CME:A61!   Australian Dollar Futures
After an impulsive move down to break a 6 month support, the Canadian dollar has found some support and spent the last 5 days in retracement. As price approaches the 38.2 Fibonacci retracement level of the current downtrend, we see that same level shows to also be previous key support and resistance . Watching the .75 key level for reversal and downtrend continuation.
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