FX:AUDUSD Australian Dollar/U.S. Dollar
AUDUSD is coming into a heavy . We can see PA already starting to test the upper formation trying to break out to the upside, we also see divergence on the that requires a correction as well, however, the overall trend is still DOWN so this push up will only be a retracement. Due to the still strong selling pressure, I'm expecting another short drop down to around the 272 extension or blue support line before bouncing back up for a retracement and possible re-test of the 50 .
***** HOW TO READ THE CHART: The red and blue lines represent clusters of BUY/SELL orders. The thicker the line, the stronger the cluster. Red = SELL, Blue = BUY. Grayed Out = Cluster Hit & Gone.