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Mrsam36
Mar 25, 2024 3:33 PM

Audusd crash soon to hit new low level read the caption  Short

Australian Dollar/U.S. DollarFXCM

Description

The AUD/USD pair bounced off last Friday’s lows and is climbing but faces a key resistance level at 0.6551, the confluence of the 50 and 200-day moving averages (DMA). Further upside is seen once breached. The next supply zone would be the 100-DMA at 0.6588, ahead of 0.6610. On the other hand, sellers' failure at 0.6560 would sponsor a leg-down
Comments
TheFxAce
Selling seems like a cautious move, considering the downturn signs you’ve highlighted.
Tembo_FX
Closed Longs. Looks somewhat bearish. will be watching how it comes about.
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