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UnknownUnicorn32021811

AUDUSD Strong resistance

Short
Australian Dollar / U.S. Dollar (OANDA:AUDUSD)  
UnknownUnicorn32021811 Updated   
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Support and Resistance Fibonacci AUDUSD short
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trendanalysis supportandresistance fibonacci audusd short
The area of resistance at 0.75200 is proving very strong. Unless there is more bull momentum, we will most likely see a pull back to the 76.80 or 61.80% Fibonacci levels before the price climbs above the 2021 October high.
Comment:
200 SMA and 50 SMA looking to cross over which could rally the bulls

(on daily timeframe)
Comment:
Price broke out of the October high. I'm looking to buy a retest and rejection
Comment:
Small profit from scalping the new high, now looking to sell to 78.60% Fibonacci.
Trade active:
TP: 0.74293
SL: 0.75262
Trade active:
Seen some strong profit so I'm halving my position size
Comment:
Retracement to the 78.60%. I think the pair will trade sideways for a while.
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