AUDUSD: Wave Analysis & Forecast

FX:AUDUSD   Australian Dollar / U.S. Dollar

what a rejection on the support of the channel this Friday on Aussie!
the market one more time confirmed the significance of the channel's boundaries.

after each test of support in the past, the market showed a 90 pip retracement before starting a new bearish wave.

it is highly likely that this time will be the same and from Monday the pair will start to roll over to 0.658 level.

take the historical perspective into consideration and adjust your trading plan accordingly!

have a great weekend!

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