AUDUSD dropped hard after nearly hit 1.008 to complete abc retracement. The pair is now dropping near to the lower channel . The price is now below the 21MA and 100MA of h4 tf. The support is at 0.9900 and resistance is at 0.998.
AUDUSD is in a daily chart show a shooting star indicating potential reversal. The price may complete a evening star if the price close below the bullish candle. The price is now below the 21MA . The support is now at 0.988 and resistance is at 1.003.
By The Backyard Burner
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