AUDUSD

ON THE WEEKLY TIMEFRAME PRICE HAS BEEN ON A DOWNTREND FOR A WHILE NOW.

SEEMS PRICE HAS HIT A MAJOR SUPPORT AND HAS HAD A FEW RETRACEMENTS TO THE UPSIDE AT THE 0.32 FIB LEVEL BUT SPEAKING ABOUT THE HERE AND NOW SEEMS LIKE THE MAJOR T.L HAS BEEN BROKEN AND PRICE COULD HAVE A FURTHER RETRACEMENT TO THE UPSIDE.