InvestMate|AUD/USD New downward wave from the 0.618 level🦘

🦘AUD/USD New downward wave from the 0.618 level

🦘Looking at the behaviour of AUD/USD over the past few days, everything points to the fact that we are preparing for another downward wave.

🦘All thanks to a return to the resistance zone determined from the 0.618 level of the first downward wave. This is strong resistance, the maintenance of which could herald a continuation of the decline.

🦘The support zone to which I expect declines was determined by a cluster of two fibo levels. The first is the 0.236 level of the entire downward wave from the 2021 peak to the 2022 bottom. The second level is the 0.886 level of the entire downward wave from the 2008 peak to the 2008 bottom.

🦘This is where my target is located.

🦘The scenario I'm playing out is a rebound from the 0.618 level and a continuation of the decline to the support zone levels. 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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