AUDUSD Analysis- Expected Bearish Movement

It shows that AUDUSD is in now strong confluence near 0.9090 where we have two trendline resistances, fibonacci 38.2% Level that act as horizontal resistance. Last daily candle is a rejection candle. A bearish movement is expected from this area targeting 0.8890 followed by 0.8680. But a break and close above 50% fibo can make this scenario invalid.
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Analysis by : PreferForex : You Most Secured Forex Signal Service 

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