The predicted weakness didn't exceed our expectancy by any means as a break down of the robust entry of 0.77790 sent AUD/USD pair falling to a low of 0.76160. From this point, the currency is likely ‘attracted’ by month’s low of 0.76430 and even though a break of this price level is not surprising, a move below Mean support 0.76250 is expected to pull in some buying. On the whole, a strong close below Mean support would suggest that an original T/P will be fulfilled very rapidly.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.