FX:AUDUSD   Australian Dollar / U.S. Dollar
Hi traders,

As USD is overall bullish and AUDUSD is reaching its first daily resistance at 0.7150. I am expecting it to reverse back down, moving averages have crossed over on 30 minute time frame so this looks like a good point of entry. Please watch price action and a recommended stop loss would be around 0.7170 as that's the previous high and looks like a head in head and shoulder pattern. Money management is important so place your stop loss according to your risk and reward ratio.


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