AUDUSD downside extension

AUDUSD being rejected by the confluence of support

 

AUDUSD is testing the downside support 0.7050-0.7100 zone.  Hold of 0.7100 downside support level is important for the downside continuation and a final swing lower to 0.6000. A break below 0.7000 will lead to an acceleration of the downside extension.

Note: look for the long trade entries with the stop loss above 0.71200

 

AUDUSD downside extension

 

 

 

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