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AUD/USD Break Or Bounce?

Price dropped further, but has found temporary support at the 38.2% retracement level and now has squeezed a little. Technically, it could drop to retest the median line (ml) of the minor descending pitchfork before will make a crucial decision. Is somehow expected to drop further after the failure to approach and reach the 23.6% retracement level and the LML. It could be attracted by the confluence area formed at the intersection between the median line (ml) with the WL1.

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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