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AUD/USD More Drop To Come

MultiBank Exchange Group
By MultiBank Exchange Group

The AUD/USD drops as expected and erases everything in its way. Is trading in the red and is expected to drop further after the breakdown below the median line (ml) of the minor descending pitchfork. Technically, it should approach the lower median line (lml) of the descending pitchfork, but it could find support at the first warning line (WL1) of the major ascending pitchfork.

MultiBank Exchange Group
MultiBank Exchange Grouphttp://www.mexgroup.com
Multibank Exchange Group (MEX Group) is a multinational financial derivatives dealer. Established in California in 2005, MEX has offices in several countries around the world, including the US, the UK, Australia and China. Mex Group is regulated by the Australian Securities and Investment Commission (ASIC) in Australia, the Ras al Khaimah Free Trade Zone (RAK) in the United Arab Emirates and the Financial Services Commission (FSC) in the British Virgin Islands.

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