AUDUSD sell into rallies

FX:AUDUSD   Australian Dollar / U.S. Dollar
103 0
RBA interest rate cut decision did not help this pair to fall further but as we know FED is expected to hike interest rates which will increase selling pressure and we might see this pair to sell into rallies.
On the technical side the pair is moving to consolidation and there is a nice confluence zone around 0.7900 - 0.7880 which will encourage potential sellers to sell this pair into rallies.
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