Aussie -- Simple Analysis

Looking at the monthly chart for the aussie, there is a bullish trend line that the market has bounced off of historically. Also the current price is resting on the 38.2% fibo. A bounce would not only be off the fibo but also off the bull trend and looking at the chart, when the aussie bounces it bounces hard.
382 Fibonacci RetracementaudusdlongaussieFibonacciFibonacci RetracementgreenbackMonthly Charts

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