AUDUSD At Trend Reversal Point.

AUDUSD has taken very good support at the trend line, but after making 100% Fibonacci retracement, it came down and broke the trend line, again tested the 100% Fibonacci retracement level. But it failed to give a breakout. We consider it a double top formation, which can be a trend reversal pattern for AUDUSD. Considering the trend pattern, we might see price will come to support 1, which will be our first target and then support 2, which will be the second target price.

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