A break of the counter trend line that has formed on AUD/USD could lead to a downside continuation to make new lows. The move also has the possibility to offer a decent risk reward as well. Targets would be 0.71571 and then on to 0.69609 . Could this be a look into the future for this market ahead of the FOMC tomorrow? Only time will tell.
AUDUSDBearish PatternscontinuationcontinuecontinuingFibonacciFOMCfomcpositioningpipsshort

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