AUDUSD Facing bearish pressure | 21 July 2021

AUDUSD is in a long-term downtrend. A short-term drop below 23.6% Fibonacci retracement and our entry at 0.73362 towards the Fibonacci confluence zone at 0.72432 could be possible. Technical indicators are showing room for further bearish momentum as well. Price is below moving average and MACD is below 0.

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