MFXSCharts
Short

Top in place on AUDUSD

FX:AUDUSD   Australian Dollar/U.S. Dollar
Thursday's Bearish Engulfing at major resistance zone suggests a top is in place on AUDUSD             . We are dubious of Friday's rally and see it as a selling opportunity. Bears will be looking to take out the 7607 - 7590 4h support zone , with a break below there targeting major support confluence above 7450. Only a daily close above 77 would invalidate.
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