Price is still in a downtrend and there is nothing yet to convince us of a bullish sentiment . The chart above is showing us a break of a mini bullish structure on the 4 hourly timeframe . Market broke the structure point and made a new low . Now price on Friday pulled back into the 61.8 fib to find a lower high so that a continuation into new lows can kick in . I strongly believe that we will see much lows on AUD especially after the successful break of 0.6400 key support
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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.