I am seeing the AUDUSD falling within the next couple of weeks, my target is 0.88.
I expect the most recent support level on the monthly chart to be tested again.
On the same chart, we can see a spinning top formed, a very powerful reversal sign. A sign that the AUDUSD may not climb any higher. We have to wait and see how the pair performs by the end of the week to have a clear indication. But it looks like the bulls are starting to lose steam.
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