🦘 Nearest strong support zone: around the 0.382 fibo level of the downward wave.
🦘 Nearest strong resistance zone: around recent peaks.
🦘 Technical environment:
📊 Moving averages: 50/50
📊 MACD: Uptrend
📊 RSI: Downtrend
🦘 Price action: AUD/USD Again attacked the increases after which it was beaten down on the arrival of the US session. By formation, it looks to me like the forming of a wave-shaped correction, which is characterized by a large staggered but very likely declines. It looks like we will see an attack on the support zone again in the coming week. Which perhaps this time will be broken through.
📉 The scenario I am playing is the continuation of the declines. I do not exclude changing the scenario in case of a sudden change in the market situation. I am 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 carefully read the description.
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