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Short AUD/USD. Break of trendline. TP and SL set accordingly. Entry candle indicated by black vertical line.
Price hit a resistance zone. entry candle indicated by black vertical line. TP and SL indicated.
Price has hit a support area. Entry candle is depicted by black vertical line. TP and SL set accordingly.
We see a rejection of the bearish trend line along with market lining up with the 61.8 fib level and the market moving into a resistance level
We could see a break from the channel and the 61.8 fib level to the upside or we can see continued bearish movement to daily resistant level at the 78.60 fib level followed by a move to the upside.
