- Inside bar setup on 10/13 and 10/14. - Price action is occurring below the 50 MA and is showing a trend line break to the downside. - The daily does have some past support around 0.7140 price area. - If we break below this support its possible our first stop is 0.7100 then 0.7005.
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Worked out quite nicely. The way DXY is looking I would expect to see AUDUSD to push further down to 0.7000 (next near support) leading into Mondays London market open.