61.8 fib level from Oct 2022's low to Feb 2023's high was...

  1. 10,525 Posts.
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    https://hotcopper.com.au/data/attachments/5485/5485628-ed21ce49787ed6b02692844b3787ee99.jpg
    61.8 fib level from Oct 2022's low to Feb 2023's high was achieved around late May 2023
    then it bounced off 61.8 level to closed to 0.69 level twice then drop back to 61.8 level recently,
    last week's closed is not too far away from 1/6/2023's closed which started the rebound from 61.8 level after the drop in late May,
    so this time it may repeat the same path, also that the pre-US CPI trend, when the trend was down, AUD/USD tend to go up when US CPI news is out and vice versa, so based on these two I believe AUDUSD pair has good chance to bounce from here to 0.673 level which is just below the 61.8 level of recent HL.
 
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