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Topper-Signals

AUDUSD should have a short pullback before testing support

Long
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
Topper-Signals Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Chart Patterns
4
0
trendanalysis chartpattern
AUDUSD have recently broken through the ascending channel on the 4H charts. Based on the charts, it would seem highly probable that AUDUSD will first do a pullback to the support-turned-resistance level at 0.6805 level before falling to 0.6700

Disclaimer: This is purely my market analysis and i am not making any recommendations whatsoever.
Comment:
Pullback of AUDUSD was lower than expected. I will wait for any more market signals before deciding on how to play out this trade.

My current opinion is that AUDUSD is currently at quite a low price (even according to weekly charts), thus a short position is not advisable.
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