🦘 Nearest strong support zone: around the 0.382 fibo level of the downward wave.
🦘 Nearest strong resistance zone: around recent peaks.
🦘 Technical environment:
📊 Moving averages: 50/50
📊 MACD: 50/50
📊 RSI: Downtrend
🦘 Price action: AUD/USD It looks like it has already completed its dynamic upward correction and wants to continue its downward momentum. I believe that there is a good chance to break through the current local lows and reach the strong support zone marked on the chart.
📉 The scenario I am playing out is a continuation of the declines. I don't 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.
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