Short AUDUSD still short Fibonnaci support level broken

May 15, 2019

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Short AUDUSD still short Fibonnaci support level broken by KQMarkets on TradingView.com

Commentary

On our analysis on the 10. 05 we advised that we were looking for the currency pair to break the Fibonnaci support level around 0.69628 and this has effectively occurred with AUDUSD falling below 0.693.

We have taken profit and will look hold our short position whilst waiting for further developments in the US/China trade negotiations

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