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ForecastCity
Jan 4, 2021 5:49 PM

💡 Don't miss the great sell opportunity in AUDUSD Short

FX:AUDUSD240
Australian Dollar/U.S. DollarFXCM

Description

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Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.768). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. AUDUSD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 47.

Take Profits:
TP1= @ 0.7635
TP2= @ 0.7556
TP3= @ 0.7483
TP4= @ 0.7405
TP5= @ 0.7270

SL: Break Above R2

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ForecastCity English Support Team ❤️
Trend AnalysisChart PatternsTechnical IndicatorsaudUSDAUDUSDaustraliandollardollar
Comments
Mesutkashmar
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This is great.
ForecastCity
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@Mesutkashmar, Thank you for your comment. We appreciate it
Best_Forecast
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It didn't go well.
ForecastCity
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@Best_Forecast, Thanks for your comment.
stylesmc
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I will give it a try. The fact the AUD is at such a high leads me to believe it has to be taking down trends
ForecastCity
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@stylesmc, Thanks for your comment. We hope you enjoy it.
Kamryn
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YOU"RE SO RIGHT. Targets are perfect, Good Choice. 👍
ForecastCity
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@Kamryn, We appreciate your support. 👍
Kristalyn
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I love the idea, as usual great detailed and helpful.🌴💐🌴
ForecastCity
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@Kristalyn, We hope you enjoy it. And thanks for your nice comment. 👍
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