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Australian Dollar / U.S. Dollar
Short

AUDUSD May Keep Falling

By VasilyTrader
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hey guys,

after audusd reached a key daily level, it looks like bulls are totally exhausted and the market returns to its bearish trend.

with a lower high formation and rsi divergence based on key resistance, I believe that chances are high that the market will drop lower.

last resort for buyers is 0.626 - 0.628 minor support,
being broken to the downside, it will trigger more shorts and the next goal for sellers will be 0.618.

then, if the sentiment remains the same, 0.6064 is the next level.

adjust your trading plan accordingly!
australiandollarChart PatternsCurrenciesForexfxTechnical IndicatorsTechnical AnalysistraderTrend AnalysisUSDDJ FXCM IndexUSD (US Dollar)
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