Petr Suchanek

AUDUSD retraced to 61.8 FIBO!

FX:AUDUSD   Australian Dollar / U.S. Dollar
106 0 0
Aussie has been weak recently and there is no sign of change of the downtrend. Now it retraced to an important psychological level of 61.8 Fibonacci and started to consolidated.
I am very cautious about a possible false-break or any sign of weakness to go short as a swing trade.
Let us see, what Aussie unfolds from now on.

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