I believe that current action in Aud/Usd is part of a retracement before another move down that will lead to a target area around 0.87
In this analysis I will go into that price action
On the 3rd of March the price should have reached maximum high because the retracement will reach strong resistance
First of all, on the weekly chart I have drawn the Fibonacci Expansion of the last move down,
that gives us a 61.80% expansion target that lies just below 0.87
The low RSI_14 - below 40, leads me to …
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