AUDUSD: Key Support Ahead!!! Important Update!

hey traders,

AUDUSD is very very very oversold.

I have caught a couple of losers on this pair, trying to catch a retracement.
however, the market turned to be overwhelmingly bearish and multiple levels of structure were just neglected!

this Friday the pair is entering the next strong area of support.
analyzing the candlesticks it still looks like bears a strong enough to push lower.
our task will be to look for reversal signs and try to catch a pullback from the underlined area.

I will be waiting for a reversal formation to buy the market.

I will be aiming at 0.675 / 0.683 levels

good luck!


*though it is still bearish , in my view, shorting the market from current level is very risky.