AUDUSD has falling the past 2 days and came to a strong support area of Fibonacci retracement 0.38 level.
my bias is the pair to reverse to the next resistance line and we would see if the pair keeps moving up or it falls again from that level of strucure.
alternative scenario is that if the pair is able to break the support structure, it may lead to a selloff.
What is your prediction on AUDUSD?
my bias is the pair to reverse to the next resistance line and we would see if the pair keeps moving up or it falls again from that level of strucure.
alternative scenario is that if the pair is able to break the support structure, it may lead to a selloff.
What is your prediction on AUDUSD?
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