AUDUSD Fib pattern
Price has bounced off the 0.618 fib level and is continuing to the downside. We can see that price has now broken the trend line and is now attempting to break the weekly supp 0.7320. If it is successful, it will suggest further bearish momentum.
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.