Hi Traders, here we are on another market breakdown on AUDUSD. In the previous analysis, I discussed about potential bounce from the bottom trendline, however, price plummeted below the trendline indicating further weakness. I'm not looking for any setup yet, still observing rather than taking action. If the bearish momentum continues, two possible reaction zone could be 0.7130 & 0.7030.
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All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
If you enjoy the content, make sure you follow my profile and give me a thumbs up for daily fx forecast & educational content.
Trade safe and take care.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.