DislikedMay be the pounding had started..
Aussie & UsdCad have a life long habit of Consolidation in a "2 year cycle" then Converge/Diverge from each other..
After consolidating in a wide range for the past 2 years, looks like the pair is about to enter a M/T Converging cycle again..
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i also said that AUDUSD does not necessarily have to get all the way back up to 1.0550 to find sellers... Heard of fibo retracements? 61.8% and 78.2% provides good retracement levels to find continuation for the down move....
Funny how 100pipsperday suddenly posted a FXdaily Tech analysis that Suddenly turned STRONG BUY to STRONG SELL in just a matter hours....
Heres a picture to show you guys about fibo levels.... watch that 61.8%
We live in a finite world with infinite possibilities.