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Junmadayag
Mar 11, 2023 1:34 AM

AudUSD Analysis (price action) Short

Australian Dollar/U.S. DollarFXCM

Description

After price broke down from a long mature uptrend price is currently struggling to break the correction 62% fib level.




Currently price is consolidating and we know
we are at a 62% retracement level on daily so odds
are probably we need a pullback to go further
lower to follow the trend.

Another scenario can be a bearish break could
happen next week.

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