AUD/USD: New hourly downcycle shifts focus to the downside
The new hourly downcycle has been confirmed, even if the magnitude of the move is far from impressive.
The lack of magnitude is somewhat offset by the velocity of the latest move down.
As long as the bearish trendline holds, the next target at 0.7048 is what sellers will be aiming for.
The lack of magnitude is somewhat offset by the velocity of the latest move down.
As long as the bearish trendline holds, the next target at 0.7048 is what sellers will be aiming for.
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