Currently, AUD/USD is trading at 0.7058. The pair is trading in a down trend from some time and now moving towards the resistance level. It can rebound after touching resistance level and touch support level at 0.6992. Its entry price for short is at 0.7038 and target price is at 0.6992.
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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