JeffersonTrades

AUD/USD Potential Bullish Reversal After Bearish Exhaustion

Long
FOREXCOM:AUDUSD   Australian Dollar / U.S. Dollar
We are currently seeing a downtrend on AUD/USD and unless we see a break above 0.66004 we cannot be certain of an uptrend.

We may see the market continue to point X:0.5600 and Y:0.60050 for a bearish exhaustion before an upward reversal.

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