FX.co ★ Aud/Usd fractal analysis for May 20

Aussie as stated in the yesterday’s forecast looks weaker than other currencies, that is why the pair decreased lower than expected. It will be incorrect to predict a ring-off as this will be like catching the falling knives, nevertheless at the moment the best opportunity for a rebound is being set. However, we still see a strong downfalling trend, and until the tendency does not change even for a short while, I will not give any persistent forecasts for uprising.

Trading recommendations:
- out of the market