Waiting for a reversal before going short.

Strong week for the aussie across the board, getting back to the upper band of its downtrend channel in AUDUSD which coincides with the 61.8% Fibonacci retracement level of the Jan'16 low to Jan'18 high, i.e. confluence of strong resistance, good risk/reward area to go short

audAUDUSDaussieaussiedollarFibonacciSupply and DemandSupport and ResistanceUSD

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