Thursday's Bearish Engulfing at major resistance zone suggests a top is in place on AUDUSD. We are dubious of Friday's rally and see it as a selling opportunity. Bears will be looking to take out the 7607 - 7590 4h support zone, with a break below there targeting major support confluence above 7450. Only a daily close above 77 would invalidate.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.