FX:AUDUSD Audusd is putting in a small term correction for a chance to sell the pair once again. There are some fundamentals politics involved which is causing the pair to temporarily gain strength. However, this short term strength is not due to Aussie Strength but it result of USDollar Weakness caused by the recent statements from President Trump concerning the NAFTA trade deal between Mexico and Canada.
Nevertheless, without going into too much fundamental detail the end result is a temporarily short term correction for the AUDUSD
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rcedwards1877
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rcedwards1877
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rcedwards1877
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This is just an idea for the 1hour setup for a sell. Confluence of Diagonal decending slope trend line, a four hour Fib retracement of .50%, a one hour fib retracement of .618% and previous Horizontal resistance in the same area.