Hello traders, AUD/USD
is trading at 0.7690. The price is trading in sideways trend and can start a new down trend soon. As the price is trading in sideways trend and reversed back from its support level
, if it breaks the support level
at 0.7626 then it can start a new down trend. If the pair starts a new down trend then its target price will be at 0.7479.
Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
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