AUD/USD could DROP very HARD

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Hey tradomaniacs,

AUD/USD is currently fighting at very crucial price-areas.

Overall I expect it is all up to the CORONA topic which is currently heating up again.
A dropping stock-market would confirm this IDEA and setup.

Technically we see a double-top-pattern and an impulsiv-wave which is ending -> Next cycle should be a correction.
Wait for the break below the trendline before you sell as market is still respecting it.


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Peace and good trades
Irasor

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