Price back now at strong weekly support, & rejected at the 38.2 fib level. Looks like price came back to retest broken resistance now turned support which a retest never occurred after price broke this key level in the past. I expect a rebound back to the upside, & AUD RBA rate statement tomorrow effecting interest rates could give the strength or weakness to bounce to the upside or break lower. We will see how that goes..
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4 hour view: Now that Im looking at this pair a little closer, I expect a small retrace up then a potential push through weekly support, retest, & more downside to come. AUD is underperforming so far this week..
