My latest analyses on AUDUSD mentioned the possibility that AUDUSD will complete a bearish 3 Drives pattern near 0.74 (see bullish scenarios in the linked idea). Now, following RBA's rate decision, AUDUSD is very close to the PRZ of this pattern. The bearish setup: Sell 0.74 with stop loss above 0.747 (above the 200 SMA line resistance) Target previous structure resistance (now support) - 0.725
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