FX:AUDUSD   Australian Dollar / U.S. Dollar
After a long downtrend in the past few weeks, AUDUSD has hit a weekly support structure level and looks like it could possibly be turning around.

We are looking for a break above the 0.7446 level, and then a pullback and a convincing buy signal as that swing level acts as old resistance/ new support.

Alternatively (perhaps our preferred strategy) if price gets to the 0.755 level, we are looking for a sell signal at that level, which also coincides with quite a
strong trendline to get short in line with the continuing downward trend. If price breaks above that level then we will only be looking to go long.

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