Aud USD trade in a downtrend which may be due for a retracement upward to test a supply zone. Once the structure breaks to the upside then an up move is validated. When the price gets to the supply zone we would be looking for a break in the structure before taking any short positions.
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Disclaimer
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.