AUD/USD Forecast April 27, 2017, Technical Analysis

The Australian dollar fell significantly during the session on Wednesday, breaking down to the 50% Fibonacci retracement level. It is in this area that one would expect some type of support to appear, but as I record this video, that does not seem to be the case. A breakdown below the 0.7450 level should continue the move lower and I believe at this point, anytime we rally there will be sellers coming back to the market. It’s likely that we will go looking for the 61.8% Fibonacci retracement level, somewhere near the 0.7375 level underneath. - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.

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