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UnknownUnicorn2396129

AUDUSD MAJOR SUPPORT BROKEN

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
UnknownUnicorn2396129 Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
Support and Resistance Parallel Channel Rectangle AUDUSD audusdshort audusdforecast audusdsignal audusdsell audusddaily audusdanalysis audusd4hr audusd_short
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supportandresistance parallelchannel rectangle audusd audusdshort audusdforecast audusdsignal audusdsell audusddaily audusdanalysis audusd4hr audusd_short
AUDUSD took a large market gap this week and it broke below the major support marked out by the pink rectangle. We expect price to come back up to retest this area at the 0.500 - 0.618 retracement level before dropping down to the -0.27 extension level which is where the bottom of the descending channel price is traveling in.
Comment:
STOP LOSS HIT
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