AUDUSD completes a negative formation
Target: 0.7000
Risk: 0.7220
Technical reasons:
A head and shoulders’ pattern was completed to push the price to decline strongly, waiting to visit 0.7000 as a next target.
The negative pressure continues by the exponential moving average 50 and 100, while the price stability below 0.7220 keeps the bearish trend valid.
Risk: 0.7220
Technical reasons:
A head and shoulders’ pattern was completed to push the price to decline strongly, waiting to visit 0.7000 as a next target.
The negative pressure continues by the exponential moving average 50 and 100, while the price stability below 0.7220 keeps the bearish trend valid.
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