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Short

AUDUSD faces downward pressure as Westpac unveils $2.5 bln right

FX:AUDUSD   Australian Dollar/U.S. Dollar
Using the Fibonacci retracement tool, I was able to plot the zone between the 40% to 50% retracement zone. This zone is also a critical zone. By this, I simply mean that it is a resistance turned support zone . Rather than being dead set on whether this will be a future support or resistance zone , I’ll leave it as a critical zone where further price action near this zone must be observed.
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