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In this simple chart of long period you can see as the AUDUSD bearish trend is just a memory , in fact the pair began a slow recovery since Q3 of 2015
At the moment the pair seems find some difficult to overtake the first Fibonacci resistance (23,6%) but in my opinion it could rise up to reach the next step ( 38,2% ) for May
At the moment the pair seems find some difficult to overtake the first Fibonacci resistance (23,6%) but in my opinion it could rise up to reach the next step ( 38,2% ) for May
