AUDUSD broke out of support, further potential drop!
AUDUSD broke out of its horizontal pullback resistance at 0.7712, a strong reaction could occur at this level pushing price down to our next major support at 0.7648 (horizontal overlap support, 76.4% Fibonacci retracement , 100% Fibonacci extension ).
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IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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