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JMM-11
May 23, 2023 8:34 PM

AUD/USD to Retest Resistance for Continuation of the Down Trend Short

Australian Dollar/U.S. DollarFXCM

Description

Hello traders, AUD/USD has been bearish for the past sessions. Looking at market structure, the daily time frame has the potential to close below 0.66250. If so, we can expect to see a continuation to the downside with price rejecting that resistance level for us to short the market.
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