AUDUSD is now in the downtrend from 0.7314, the bounce from 0.7202 is likely consolidation for the downtrend.
AUDUSD is now in the downtrend from 0.7314, the bounce from 0.7202 is likely consolidation for the downtrend.
Further decline could be expected in a couple of days and next target would be at 0.7150 area.
Resistance is at 0.7250, as long as this level holds, the downtrend will continue.
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