Looking at the daily and weekly trend, AUDUSD
is clearly in an overall bearish
market. After hitting lows of 0.6830 during mid January before heading back up, AUDUSD
made a clear stop at 61.8% fib levels on January 28th. Could this be the signal we've all been waiting for? A beautiful spinning top
could be seen forming, and what I can expect from this pair is a drop to AT LEAST 0.70168 levels will hopes of passing by the previous lows of 0.6830.