🦘AUD/USD Declines On The Horizon🦘

🦘AUD/USD Declines On The Horizon

🦘As I wrote recently about declines:

🦘My scenario has not changed since then.

🦘I still believe we still have plenty of space for declines from current levels.

🦘A resistance zone defined by the 0.5 wave from the covid bottom to the 2021 peak.

🦘Still holding the price against further increases.

🦘Support zone remains unchanged.

🦘Looking at the MACD and RSI technical environment I have no doubts for a continuation of the downward movement.

🦘The scenario I am playing out is a continuation of the decline with the support zone being reached. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

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