25
Mar
Technical Analysis – AUDUSD _ 25-03-2019
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The pair fell during Thursday and Friday to settle below the upper limit of the bearish wedge pattern shown on the 4 hour chart. A breach of support at 0.7055 might be enough to end the upside potential, and the pair could then go to test 61.8% Fibonacci at 0.6960.
The rise and break of 0.7145 might strengthen the possibility of a rise and the pair could then target the resistance 0.7215 as the first target and resistance 0.7290 as the second target.
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