Forming an inverted pin bar last Friday to end the week, the AUDUSD sold off strongly today on low volume forming a marubozu candle. In the process, the pair closed inside the daily kumo with the chikou span crossing the kijun line today which further adds to the bearish Ichimoku picture.
With price action currently at the 1.0230 support level I mentioned yesterday, I think this is the last short term support area before more downside. Below this, I'm suspecting losses to 1.0175 and then 1.0100 which is where the Kumo bottom is currently parked.
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