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Dollaro australiano / Dollaro
Short

AUDUSD broken major support, bearish potential!

Di ICmarkets
Broker
AUDUSD has broken a major support-turned-resistance level at 0.7757 opening a potential drop to 0.7644 support (horizontal overlap support, 76.4% Fibonacci retracement ). It's nice to see that we've broken multiple ascending supports too signalling that bearish momentum is accumulating. We're also below our Ichimoku cloud which adds to our bearish bias.

RSI (34) has similarly made a bearish exit in line with what we have seen in price.
audAUDUSDaudusdideaaudusdlongaudusdshortBitcoin (Cryptocurrency)Chart PatternsForexforexsignalsHarmonic PatternsTrend AnalysisUSD
ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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