AUDUSD Trading Bearish

AUDUSD is nicely trading to the downside, unfolding a five-wave bearish impulse that can search for a potential base near the Fibonacci ratio of 261.8. However, at the moment we are trading within the third leg as part of an impulse, meaning some temporary pullback may still follow, once wave 3) fully unfolds.


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Author: Travis Esquivel

Travis Esquivel is an engineer, passionate soccer player and full-time dad. He enjoys writing about innovation and technology from time to time.

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