AUDUSD resumes it's downtrend.
AUDUSD has been in an uptrend since a couple of weeks. I hope everyone enjoyed it's bearish movement and made some good pips. At the current level, we see three different things happening. First- It is reacting to the long term downtrend line.
Second- It has tested the level once.
Third- It is at the fib level of 38.2%.
fourth- We see a divergence on the stochastic.
In this coming week, we look forward to the level 0.7660 gets retested again with the continuation of it's downtrend. We are looking here at 100 fib level or support level of 0.74105
Second- It has tested the level once.
Third- It is at the fib level of 38.2%.
fourth- We see a divergence on the stochastic.
In this coming week, we look forward to the level 0.7660 gets retested again with the continuation of it's downtrend. We are looking here at 100 fib level or support level of 0.74105
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