AUDUSD diamonds lower trend line was taken out today (tonight for me) during Asia session. Bad news for the aussie only confirms the bearish signals for commodities.
Also the support @ 1.0588 and weekly low was also taken out. The main move of the week is now DOWN. We have covered already 85% of the Average Daily Range (as of 02:11 GMT). Therefore, most-likely, it will extend its range tomorrow and Friday towards the downside.
Will post a chart later on.
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