Can we finally see King Dollar recovery?
We saw AUDUSD sideways consolidate between 0.6775 and 0.6700 on the H1 timeframe before breaking support at 0.6700 and plummeting to 0.6570.
We then saw a pullback and shooting star rejection on the previous support, now resistance, as well as the golden fib, which formed a confluence of matrix for a reversal to the downside.
Could we see a continuation leg down and a run towards 0.6570 lows as well as a breakdown further to the 0.6500 zone.
One for the radar!
We then saw a pullback and shooting star rejection on the previous support, now resistance, as well as the golden fib, which formed a confluence of matrix for a reversal to the downside.
Could we see a continuation leg down and a run towards 0.6570 lows as well as a breakdown further to the 0.6500 zone.
One for the radar!
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