Hello traders, AUD/USD
is trading at 0.7590. The pair is trading in upward channel and about to make a head and shoulders
patter. If the price breaks the support level
at 0.7580 then it can start a new down trend and then its targets will be first target at 0.7542 and second target at 0.7500.
Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
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