AUDUSD - Breakout! Short movements

From 3-8 Dec there was an ascending channel, which has been broken a few hours ago. The breakout caused a huge drop and is continuing to fall. On the chart there are a few key levels there, not sure how far it will fall.
It might go up and down within those key levels highlighted, but we just have to wait and see how far it will go :)

Brace yourself for quick Short trades for the next few days.

Kommentar:

After the breakout, the price came back up a little, it's on it's way retesting the previous key level at 0.71857. Once it's tested, there is a possibility it may go further down, but will see.

Kommentar:

Yesterday it came back up as expected, after going to the first key level. It's going back up to touch the lower channel line again, it might probably go down again after that. There is a second level for retest to look out for, which is the key level there in the middle of the channel. If it touches that and doesn't go further up then make a versal, the price would probably go down from there.