AUDUSD Continued Downtrend
Today's move toward the downside despite posting solid and better than expected employment number really goes to show how overbought this pair was after breaking through the upper bound of my "old trendline". However, this break is still within the margin of error of that trend given the previous breach at the end of January lining up with the latest top very nicely. I will be watching for this pair to continue downward for entering a longer term position over the next week or so.
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