Australian Dollar / U.S. Dollar

Long

AUDUSD should have reached the downside target

Updated

The measured downside target from 1.1 is 0.55 so we should expect a consolidation of sideway movement in 0.59-0.71. break above 0.72 means the whole trend changed to uptrend. the main strategic will be buy on dip.

Note

After a very handsoome rally of the AUDUSD, we should expect consolidation should follow
expect the AUDUSD go back down 0.68 or even 0.65

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