Fxprotrader

AUDUSD: Watch Closer for Price to Reach This Resistance Level

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
Price while moving into a descending channel, it broke below the sliding parallel of the median line, which acted as support, and is now seems to making correction. In case we see a pullback to the sliding parallel which now most likely will act as resistance we better start watching for a sell setup. At the same level price will additionally will find resistance from the upper parallel of the channel.
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