AUDUSD has given a good breakout from rising channel pattern, also it has well respected the Fibonacci retracement levels, as you can see in the chart. It has given downside breakout from rising channel patterns so we might see further downside in AUDUSD, from its current level with support as Fibonacci retracement levels.
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As per our analysis the pair will reach its resistance line as it is in Ascending Channel. Also we can see that there is a crossover of the 50 and 200 days ema.
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