🦘AUD/USD There Will Be No Increases🦘

🦘AUD/USD There Will Be No Increases

🦘Looking at the behaviour of AUD/USD in recent weeks, I get the feeling that the correction of these increases may be deeper than what we have currently seen.

🦘Watching at how hard the price has tried to rise around 0.68 I get the impression that a descent to around the 0.5 fibo level is very likely at the current time.

🦘Based at the technical situation, given that the MACD ora RSI is leaning towards a downtrend scenario my concerns about a decline are quickly neutralised.

🦘The scenario I am playing out is a continuation of the decline to reach the vicinity of the support zone. I do not exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

🦘Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.

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