AUD/USD broke past its intermediate support, potential further drop!

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Price broke past its intermediate support which confirms a further drop.

Entry: 0.7011

Why it's good : 23.6% Fibonacci retracement

Stop Loss : 0.7046

Why it's good : 61.8% Fibonacci extension, horizontal swing high resistance

Take Profit : 0.6994

Why it's good: 38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal pullback support

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