The AUDUSD has broken below the support level of 0.6700 and formed three consecutive daily doji candles. Currently, it is heading towards retesting the previous level we mentioned, which also coincides with a weekly downtrend line, an annual uptrend line, and a 23.60% Fibonacci retracement level. I anticipate the price to bounce off this level and continue its downward trend towards 0.655.
-------------------------------------------------------------------------
Let me know your thoughts in the comments, and show your support by liking the idea.
Please follow if you're interested in more ideas like this.
Your support is greatly appreciated!
-------------------------------------------------------------------------
Let me know your thoughts in the comments, and show your support by liking the idea.
Please follow if you're interested in more ideas like this.
Your support is greatly appreciated!