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Short

AUDUSD Bearish for 100+ More Pips

FX:AUDUSD   Australian Dollar/U.S. Dollar
After a broken support TL, and a horizontal support area, price is likely heading to the next major support zone. This zone begins about 130 pips below Friday's candle close. Watch for a bullish retracement to maybe 0.7400 and then for Elliot Wave 5 down to 0.7200
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