Good Aussie Sell Off!
Updated
I previously collected -347 pips ( -5%) from AUDUSD, market came and retested my support area ( now resistance area) around 0.65264 signaling more weakness to come. Any retest should be seen as a selling opportunity, I expect market to fall towards 0.61300, a -275 pips (-4.3%) move from market current position. Despite a strong start in July, the Australian Dollar fell against the US Dollar in August and September, extending the downward trend established in April when prices hit the highest level since June 2021 before selling off. AUD/USD closed out September with a loss of around 4% after the US Dollar surged against its major peers.
Trade closed: target reached
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