Participant

AUD/USD has broked the major support from 0,7530 and now is expected to continue the downward movement on medium and long term.We can have a pull back on short term, the price will try to test the resistance area (support turned into resistance).The pair is bearish on medium and long term, the US dollar is expected to appreciate further against all currencies. As you can see on the Daily chart, the price has found an intraday support at the median line (ml) of the descending pitchfork and maybe will approach the upper median line (uml).

audusd

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