Yes, in fact I think that it could go in the medium term towards 0.77. (maximum 0.81, double roof) to then continue falling. Of course, I'm getting ahead of myself, giving a review with EW gives me this vision.
FXCM
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I agree with your bullish view on AUDUSD. Our trading signal idea is also of the same bias. We have found roughly support at 0.7174 which is also a 23.6% fiobnacci retracement
Additionally, our RSI shows a bullish exit which backs up our bias.
Glad to see that we have the same bias for AUDUSD.
JuanK_FX
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@FXCM-EDU, Yes, in fact I think that it could go in the medium term towards 0.77. (maximum 0.81, double roof) to then continue falling. Of course, I'm getting ahead of myself, giving a review with EW gives me this vision.
Mr_Yoso
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IMO if the price Breaks the SMA in weekly Chart the price of AU will move up to 0.913567
JuanK_FX
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@Mr_Yoso, THAT IS, YOU CAN NOT LEAVE THAT POSSIBILITY. FOR THE MOMENT WE WILL GO TO 0.77.
Mr_Yoso
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@traderxalerts, are you angry?
Mr_Yoso
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@traderxalerts, Sorry if i offended you. smile lang po
JuanK_FX
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@Mr_Yoso, Not my friend at all, maybe there was a misunderstanding of what I wanted to explain. My English is not very good.I wanted to say that I do not rule out that possibility. at the moment if I see that it goes to 0.77. and of course it can go then to 0.91. I think that only bad interpretation is here haha.