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AUDUSD short

39
AUD/USD weekly chart previous supports that are now turning to resistance, with next targets at historical supports that could turn to resistances, confluent with fib extensions -0.27 and -0.618. There are also extra confluences with identical box ranges which I have drawn, highlighting the areas in which price is ranging and breaking out. For example the middle box shows price heading down to the bottom of the range before bouncing off it to retest previous support and a support trend line. This weeks candle ended a shooting star, showing potential downside pressure coming. Next downside targets are 0.7000 and 0.6300

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