Dear traders, AUD/USD has broken through the 100-day exponential moving average. However, the price has reached a moderate supply level from where we can see a pullback in AUD/USD.
If you look at the daily chart, you can see that the area around 0.6510 has multiple price rejections in the past. So, if we can see the formation of bearish candlesticks at this level, AUD/USD can reach the 0.64 level again.
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Sold@0.6516 and trade is currently in 11 Pips profit
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18 Pips profit and looks like we have some bearish PA in the resistance zone
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76 Pips running profit
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Nearly 100 pips profit hit, strong bearish momentum. Will look to sell the rallies