Currently, the price is retesting the June 12, 2021, and December 5, 2021, Minor trendline. As long as the price stays above this line, I reckon AUDUSD will start to climb to retest the February 25, 2021 Down trendline. However, a breakout below this support, AUDUSD potentially falls deeper to retest June 12, 2021 low at a 0.67 level.
Catalyst: - AUD Cash rate - RBA Rate Statement - US ISM Manufacturing PMI - US JOLTS Job Openings - ADP Non-Farm Employment Change - US Unemployment - ISM Services PMI - NFP
Invalidation: - This analysis fails if the price breakout the Red support
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