The price hit main daily resistance and was rejected. I am looking for a move lower in the short term. First target at the 38.2 retracement for the bullish wave, which aligns with prior swing low and support.. Second target at the 61.8 retracement.
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Poor sentiment driving commodity currencies lower, approaching first target.
AUD Under significant pressure
I would love to see first target hit before market closes.
Bounced with start of the session, but i remain bearish.
First target reached.
Trade closed: target reached
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