AUDUSD resume the drop after retracement of 50% from the low. AUDUSD drop back below the 21MA. The support level is at 0.9855. Resistance level is at 0.9912.
AUDUSD show a big bearish candle indicating the bearish semtiment after China raise bank reserve requirement. The pair may forming a H&S pattern. However, it need to break below the neckline of 0.9823 to confirm this view. The support is at 0.9823 and the resistance is at 1.002.
By The Backyard Burner
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