Australian Dollar/U.S. DollarFXCM
Description
⋅ Pivot: 0.7470
Most Likely Scenario: short positions below 0.7470 with targets @ 0.7380 & 0.7355 in extension.
Alternative scenario: above 0.7470 look for further upside with 0.7505 & 0.7545 as targets.
Comment: as long as 0.7470 is resistance, look for choppy price action with a bearish bias.
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