Potential drop target: 0.714 or worse 3 parallel channels indicate the support is reached. However, from the past 2 drops, it is possible that support lines can't hold for a while. If today or tomorrow AUD can't rebound/touch 0.72033 once, potential drop target will be extended to 0.712 or worse (0.709, previous strong support line) It is very obvious that the...
red down parallel trend= recent correctional trend green up parallel trend= second upward trend purple rectangle= recent battle field (0.709~0.712) blue rectangle= recent long-side support (0.707~0.708) pink circle = recent testing upward trend support supporting line : 0.703~0.704 Personal comment: Obviously, the momentum for moving up is lower than before. On...