Traderscope

AUDUSD: Downtrend continuation

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD is in a downtrend for weeks and has tested its trend line. The probability of downtrend continuation is high. A short is recommended here. A stop loss could be placed above the last higher at 0.7415. A first target would be 0.73 then 0.7250.

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