Aussie has been on a choppy downtrend for the past couple of months
Looks like it reached some weekly support @ 0.733 level
Anticipating a break up from the current triangle to make a new LH
Similar to the triangle in April
Confluence w/ previous structure and the 61.8 fib level from previous push down
If it does break the 0.733 level next target @ 0.717 price level
Careful w/ long positions on this one
The trend is your friend
Looks like it reached some weekly support @ 0.733 level
Anticipating a break up from the current triangle to make a new LH
Similar to the triangle in April
Confluence w/ previous structure and the 61.8 fib level from previous push down
If it does break the 0.733 level next target @ 0.717 price level
Careful w/ long positions on this one
The trend is your friend
Note
Anticipating a double top 0.7645 LevelWaiting for a bearish confirmation
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.