848evo
Long

AUDUSD Heavy support levels coming

FX:AUDUSD   Australian Dollar / U.S. Dollar
37 0 1
AUDUSD             is coming into a heavy support area . We can see PA already starting to test the upper wedge formation trying to break out to the upside, we also see divergence on the RSI 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 SMA .
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