Hello traders, AUD/USD
is trading at 0.7613. The Pair is trading in upward resistance and support wedges
and can start a new down trend after breaking support level
. As the price is moving towards its support level
, if the price breaks the support level
at 0.7607, it can start a new down trend. The target prices for the down trend will be at 0.7564 and 0.7515.
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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