AUDUSD had also retraced 38.2% from the big drop. Now the pair is about to test the resistance of 0.998. Next resistance is 1.003. The support is at 0.991.
The AUDUSD daily candlestick show a big bullish engulfing pattern. The price is may rally to the high of 1.003 due to the big bullish engulfing pattern.
By The Backyard Burner
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