AUD/USD is currently moving in a classical bearish pattern, with the price taking temporary support at the lower trendline. However, this support appears weak and, as anticipated, has now broken down, confirming further downside momentum.
The structure remains in favor of sellers, and more bearish movement is expected as the breakdown reinforces the selling pressure.
The structure remains in favor of sellers, and more bearish movement is expected as the breakdown reinforces the selling pressure.
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Disclaimer
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.