HomeContributorsTechnical AnalysisAUD/USD Imminent Breakdown

AUD/USD Imminent Breakdown

Price dropped sharply on Wednesday and seems motivated the take out the major support from the lower median line (LML). Is challenging the confluence area formed between the LML with the lower median line (lml) of the ascending pitchfork, a valid breakdown will accelerate the sell-off.

MultiBank Exchange Group
MultiBank Exchange Grouphttp://www.mexgroup.com
Multibank Exchange Group (MEX Group) is a multinational financial derivatives dealer. Established in California in 2005, MEX has offices in several countries around the world, including the US, the UK, Australia and China. Mex Group is regulated by the Australian Securities and Investment Commission (ASIC) in Australia, the Ras al Khaimah Free Trade Zone (RAK) in the United Arab Emirates and the Financial Services Commission (FSC) in the British Virgin Islands.

Featured Analysis

Learn Forex Trading