R3: 1.0302
R2: 1.0231
R1: 1.0120
PP: 1.0049
S1: 0.9938
S2: 0.9867
S3: 0.9756
AUD/USD's turbulent fall from 1.0335 has extended further to as low as 1.0010 today, and it closed at 1.0008 yesterday, the price has placed below 38.2% of Fibonacci retracement levels two days ago. Aswell it should be noted that the price had formed a strong resistance at 1.0146. Futhermore, this strong level has still been trapped between 50% of Fibonacci retracement levels and 38.2% on H4 chart. hence it is probably that the market will start showing the signs of bearish market again in order to indicate a bearish opportunity from the level of 1.0146 to 1.0050 with targets towards the strong support around 0.9781. Meanwhile; the bears were forced to pullback at the level of this area, therefore this level will be formed a strong support at 0.9781 in order to indicate a bullish opportunity above the support , so it will a good sign to buy above 0.9781 with a target at 1.0010 and it might resume to 1.02.
According to previous events, the price has still been trapped between 1.0146 of Fibonacci retracement levels and 1.0010.
Buy above 0.9781 with targets towards 1.02. Sell below 1.0145 (H4 chart), it will call for downtrend in order to continue bearish towards 0.9919 then 0.9781.