AUDUSD setting up a bearish configuration
We can see that there is clear support at 1.5606 and a potential bearish breakout is starting to form with price breaking below our ichimoku green cloud and RSI also breaking our ascending support. The only thing left to break to trigger a potential big drop is our 1.5606 support.
Our next big support would then be at 1.5473 which is our horizontal overlap support at key 61.8% Fibonacci retracement level.
Our next big support would then be at 1.5473 which is our horizontal overlap support at key 61.8% Fibonacci retracement level.
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