Contributors Technical Analysis AUD/USD Break Or Bounce?

AUD/USD Break Or Bounce?

Price dropped further, but has found temporary support at the 38.2% retracement level and now has squeezed a little. Technically, it could drop to retest the median line (ml) of the minor descending pitchfork before will make a crucial decision. Is somehow expected to drop further after the failure to approach and reach the 23.6% retracement level and the LML. It could be attracted by the confluence area formed at the intersection between the median line (ml) with the WL1.

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