AUDUSD's short-term uptrend may be on the verge of failing as higher timeframes exert pressure. With a big wick hanging below, price action suggests a possible pullback to test those lower levels. Is this the beginning of a deeper drop, or will buyers step in? Watch closely!
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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.