FXAutomate

Rejection from Monthly Pivot?

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
Price is trading below the Monthly Pivot @ 0.719 and just slightly above the Weekly Pivot @ 0.713. These are now the short term levels to watch for a break as a move above could give targets of 0.727 while a move below could see the Monthly S1 Pivot @ 0.697 tested. As with most USD pairs the probability move is to the downside, yet it remains prudent to stay with the Price Action.

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