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May 4, 2020 2:02 PM

Short Opportunity for AUDUSD Short

Australian Dollar/U.S. DollarFXCM

Description

I have opened a position for this pair. My reason for this trade is because the pair has been on a strong bearish run recently after failing to break a new high at its previous resistance (last week). This week, i have identified that it has finished the pullback and with the short term breakout of the support i have identified, i believe that the pair should continue its downward movement from here.
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