FX:AUDUSD   Australian Dollar / U.S. Dollar
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AUDUSD             is tricky to say the least. The move from the highs is fairly slow and in a very small channel which may give an impression of a weak move. However, next week things may change as a lot of Australian data is scheduled to be released. On Friday with the help of NFP the pair managed to pull off a nice false breakout and because of that I am looking for higher values but I keep my bearish bias in bigger picture. The area of interest is between the two green lines which I hope price will reach as it would give me enough data to plan my next move.
I like your comment. Me, I'm bullish.
capitalpropertiesfx ForceFollower
Indeed, it looks better for bulls right now. Bears, who got triggered by this spike lower, probably hold their stops above recent highs (around 0.9320 roughly) so I don't even consider shorting the pair before we get back above 0.9300 (minimum).
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