Ransquawk

AUD/USD moves in a classic way. Since the beginning of September, we have been dealing with a downward trend. In mid-November this was confirmed by breaking the trend line. The break of the last two lows indicate the same scheme – after breaking, consolidation takes place. Currently, it is attempting to finish it and brak down. Judging from the range of previous breaks, one would expect that the price will head towards the area of 0.7450. Range to the nearest low gives even more space to the sellers, because the nearest low is at 0.7370.

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Ransquawk