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Australian Dollar / U.S. Dollar
Long

AUDUSD: What To Expect?

By VasilyTrader
Updated
snapshot

hey traders,

this week AUDUSD is predominantly bearish.

pair is trading within a falling wedge pattern.
I expect further bearish continuation to 0.672 structure support level.
I think that the majority of buying orders is consolidating on this level,
so there will be a high chance to see a bullish breakout of the wedge.

For us, it will be the entry signal.

Target levels will be: 0.675 and 0.677

Stop will be below the lowest point of the wedge.

*if the market breaks the lower boundary of the wedge, setup will be invalid
Trade closed: target reached
T1 reached
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VasilyTrader
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