๐ฆ AUD/USD End of Growth Correction?
๐ฆ Nearest strong support zone: around the 0.382 fibo level of the downward wave.
๐ฆ Nearest strong resistance zone: around recent peaks.
๐ฆ Technical environment:
๐ Moving averages: 50/50
๐ MACD: 50/50
๐ RSI: Downtrend
๐ฆ Price action: AUD/USD It looks like it has already completed its dynamic upward correction and wants to continue its downward momentum. I believe that there is a good chance to break through the current local lows and reach the strong support zone marked on the chart.
๐ The scenario I am playing out is a continuation of the declines. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
๐ If you appreciate my work and effort in this post, I encourage you to leave a like and follow on my profile. ๐
๐ฆ Nearest strong support zone: around the 0.382 fibo level of the downward wave.
๐ฆ Nearest strong resistance zone: around recent peaks.
๐ฆ Technical environment:
๐ Moving averages: 50/50
๐ MACD: 50/50
๐ RSI: Downtrend
๐ฆ Price action: AUD/USD It looks like it has already completed its dynamic upward correction and wants to continue its downward momentum. I believe that there is a good chance to break through the current local lows and reach the strong support zone marked on the chart.
๐ The scenario I am playing out is a continuation of the declines. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
๐ If you appreciate my work and effort in this post, I encourage you to leave a like and follow on my profile. ๐
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๐ฒ To keep up to date with all my activities I invite you to visit my Telegram ๐ฒ
๐ฒ www.t.me/Investmatez ๐ฒ
๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ