we got a rejection from the golden zone and heading down to test the trendline
Reversal expected as we have strong resistence+fib on the current level 1H chart with expected the move:
Trend had a CHoCH Since the overall trend is bearish we can short with a 2:1 RR
Most likely one is the red scenario where we hit 14k if we don't get any positive news. After that is the yellow scenario where the price consalitates between given lines Least likely is the green one where we hit back to 21k mark.
After a strong rally GER40 is trading back to the daily resistence and also the fib level.
Here's the current sit. High volatility expected with today's important data
AUDUSD got a rejection from the fib level and heading down.
Explanations are given in the chart. It can bounce back from 4h support level.