InvestMate|AUD/USD US Dollar is strengtheningðē
FX:AUDUSD
āļāļāļĨāļĨāļēāļĢāđāļāļāļŠāđāļāļĢāđāļĨāļĩāļĒ / āļāļāļĨāļĨāļēāļĢāđāļŠāļŦāļĢāļąāļāļŊ
ðēAUD/USD US Dollar is strengthening
ðēThis time it' s time for AUD/USD
ðēAs I wrote in a previous post about the coming declines. I wasn't wrong
ðēAUD/USD in my opinion is facing a significant downward wave.
ðēThe price has during today started to continue its declines after performing an upward correction of the second downward impulse.
ðēThe nearest support was determined by a cluster of two fibo levels. The first is the level of 0.236 of the entire wave from the 2021 peak to the 2022 bottom. The second level is 0.887 of the entire wave from the 2008 bottom to the 2011 peak.
ðēI determined the resistance zone above based on the level of 0.618 of the whole wave from the 2001 bottom to the 2008 peak.
ðēThe scenario I am playing out is a continuation of declines to reach a support zone in the coming days. I am aware of the possibility of a correction at any time, this should be taken into account, If the outlook would change I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
ðē *Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario.
ðIf you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.ð
ðēThis time it' s time for AUD/USD
ðēAs I wrote in a previous post about the coming declines. I wasn't wrong
ðēAUD/USD in my opinion is facing a significant downward wave.
ðēThe price has during today started to continue its declines after performing an upward correction of the second downward impulse.
ðēThe nearest support was determined by a cluster of two fibo levels. The first is the level of 0.236 of the entire wave from the 2021 peak to the 2022 bottom. The second level is 0.887 of the entire wave from the 2008 bottom to the 2011 peak.
ðēI determined the resistance zone above based on the level of 0.618 of the whole wave from the 2001 bottom to the 2008 peak.
ðēThe scenario I am playing out is a continuation of declines to reach a support zone in the coming days. I am aware of the possibility of a correction at any time, this should be taken into account, If the outlook would change I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
ðē *Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario.
ðIf you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.ð
ðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦ
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ðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦ
ðē To keep up to date with all my activities I invite you to visit my Telegram ðē
ðē www.t.me/Investmatez ðē
ðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦ
