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KQMarkets
Oct 22, 2019 10:55 AM

AUDUSD - Short Below Key Psychological Level Short

AUD/USDOANDA

Description

We see AUDUSD moving lower and have strong conviction in our view as long as prices are below the key psychological level at 0.7 despite the recent bounce above the 0.686 resistance level. This is due to a significant amount of uncertainty surrounding US and China trade talks despite both sides indicating that a deal could be made in November.
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