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AUD USD 31-07 Analysis

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
In the morning, Australia's second quarter CPI data was better than expected, and the Australian dollar rebounded.

Stoch seem reached overbought in a down trend market as giving a negative signals ; RSI retesting the 50 level; price below 50 moving average

AUDUSD today's trading range of 0.68500-0.69000.
The overall trend of AUDUSD is down, and there is a rebound. The intraday trading proposal is short-selling below 0.68950, and the target is near 0.68750.


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