AUD/USD pair is in the downtrend because previous week’s candle is red, while the price is evidently rising on the 8H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.652 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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I stand by my prediction and my idea is confirmed by the fact that the pair is moving towards the target!
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