FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD             has gone to plan, creating an M top formation before reversing and breaking both S1 and it's narrow uptrend channel , as discussed in our previous analyses.

We have now taken profit on our short, but believe the bears are not finished yet. We expect price to possibly rebound in the near-term towards the minor support level , before falling to test the 200 MA and S2.

Trading Ideas:
Go Short at Minor Support
Go Short at TP ZONE breakout past low
Trade closed: target reached
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