FX:AUDUSD   Australian Dollar / U.S. Dollar
14 0 2
As discussed last week we said a big bounce is due in the AudUsd             , although we hoped for a bigger pullback around 0.7100. We still see some trouble ahead for AudUsd             , Key resistance around 0.7490 (Also inline with pitchfork ), we will trade the AudUsd             both ways.

Look for buy price action signals to trade up to resistance 0.7490 (Also 50% retracement level) , and see if we get a sell signal at key resistance. Which ever way we will be trading, we will make sure we trade with good risk reward ratio of atleast 1:2. See below weekly graph explaining the long term levels (note the pitchfork lines)
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