AUD bounce likely but still long term bearish
Some retracement is likely, but even more likely that it will drip down more on one of the parallel channels. Not a bright future for this one in the medium term at least :o
Note
Given new coronavirus news this might not even see the retracement before going lower.
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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.