Contributors Technical Analysis AUD/USD Drops Like A Rock

AUD/USD Drops Like A Rock

AUD/USD drop fast and could hit new lows in the upcoming hours. It could drop below the 0.7939 previous low and could hit the lower median line (LML) of the major ascending pitchfork. Technically is expected to drop after another spike. Is traded outside the minor ascending pitchfork’s body, a valid breakdown below the LML will open the door for a major drop.

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