As we know long term timeframes show that AUDUSD has been bearish for well over 12 months now however we have been getting slight retracements here and there. As you can see at 0.6935 we have a lower low which can suggest further downward movement however we have a strong demand zone further below if that level holds we could be short term bullish up 0.71760 we might even reach key level 0.72500. However long term I am still expecting aussie dollar to continue plummeting
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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.