AUDUSD - What's Next? Long

Australian Dollar/U.S. DollarFXCM

Description

⋅ Feb 24, 2020 9:06 PM

AUDUSD is in a downward trend, but it seems to be losing steam. Bullish divergence has appeared in the RSI and it has stopped falling. I believe it will retrace to the fibs line (2nd red line) and continue to fall.

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