Audusd- Drop To 0.67 Could Be Next - Nairaland General - Nairaland
Nairaland Forum › Nairaland General › Audusd- Drop To 0.67 Could Be Next (227 Views)
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| Audusd- Drop To 0.67 Could Be Next by Fisher85tow(op): 10:55am On Feb 15, 2023 |
After the second top at 0.7150 at the beginning of the month, AudUsd dropped hard area and reached 0.6850 in just 3 days. A recovery followed, but we can see that this rise lacks impulse, is corrective in nature, and is, in fact, a flag pattern . Rallies above 0.7 are also clearly sold so, I expect a new leg down from AudUsd . The target for this drop is the 0.67 zone and this bearish scenario is negated by clear buying power above 0.7
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