Possible Retracement Probabilities In AUDUSD

4 de mai. de 2020

Price has hit 61.80% Fibonacci retracement level which aligns with 200 SMA (RED), weekly s1 of the pivot, and a rising trendline and then rebounds upward for now. If the price is feeling hard to fall lower then those key levels I reckon we may see some correction upward on this major pair. Knowing the fact last week there was a blood bath on this major pair so the bear is exhausted at the start of the week and buyers are trying to take advantage of the current situation.