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AUD/USD analysis by Keon Consultancy | Mar 12, 2020

Having seen similar sharp turn in RSI, similar upswing is expected. However we are targeting only Fib50.0 of downswing because this is the nearest target. Actually Fib50.0 of downswing makes a confluence resistance zone as it almost coincides with previous swing low. Please see the screenshot to understand it. The screenshot displays trader entry and exit levels.