AUD/USD briefly broke out below 0.7200 today and it is still very bearish, not to mention that it has formed a shooting star candlestick at 0.7315 on the daily time-frame. Soon there will likely be a proper breakout below the aforementioned support at 0.7200.
EUR/USD has formed a double bottom around 1.1460, and unless it breaks out below that level soon it may bounce off from it and begin retracing towards 1.1550.
AUD/USD bounced off from the support at 0.7040 and it is currently retracing towards 0.7100. That said, the trend is still quite bearish and the move to the downside will likely continue once the retracement ends.
AUD/USD found some resistance at 0.7130 and bounced off from it but the retracement may not be over for now. The pair will likely test that resistance once again.
AUD/USD bounced off from the resistance at 0.7140 which is also the (MA)89 indicator on the four-hour time-frame. The pair may retrace back below 0.7100.
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