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Short

AUDUSD supply zones approaching to test

FX:AUDUSD   Australian Dollar/U.S. Dollar
I am currently still bearish on the AUDUSD             pair despite the bullish close on Friday last week. I have plotted two potential fresh supply levels that I am monitoring. I believe the closer 1.7135~ price level will most likely hold up. The 120-period simple moving average also intersects at this level. Historically speaking, this simple moving average setup acts as a dynamic S/R with the potential of holding up at this price level once again. This is a double confirmation, but no guarantees it will hold.
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