AUDUSD fell sharply after a completion of a cypher pattern, finding resistance at 78.8%.
Price has retraced back to the neckline, which is also a zone of support and resistance.
As price has been resisted at this level, we expect price to continue falling back to previous low at around 0.6800.
Price has retraced back to the neckline, which is also a zone of support and resistance.
As price has been resisted at this level, we expect price to continue falling back to previous low at around 0.6800.