Re: Forex Technical Analysis & Forecast by RoboForex
Fibonacci Retracements Analysis 11.02.2021 (AUDUSD, USDCAD)
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the daily chart, after testing 38.2% fibo, AUDUSD is starting a new impulse to the upside. The next important upside target is 50.0% fibo at 0.8292, while the support is at 23.6% fibo at 0.6820. At the same time, there might be a divergence on MACD, which implies a new correction to the downside after the asset reaches the target.
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