Contributors Technical Analysis AUD/USD Pressuring Critical Support

AUD/USD Pressuring Critical Support

Price is trading in the red, resuming the corrective phase. It has dropped as much as 0.7838 today, but has squeezed in the last hours and continues to pressure the median line (ML) of the major ascending pitchfork. A valid breakdown below the median line (ML) will signal a larger drop in the upcoming weeks.

You don’t need to rush because we have another major support at the 0.7835.

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