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Short

AUD/USD Technical analysis

FX:AUDUSD   Australian Dollar / U.S. Dollar
The pair is going down the hill slowly but steadily in a descending channel formation.
It was thrown down by the resistive trendline , in the due process, crossing a support level of 0.71157.
We expect it to test the broken support, which can be used as an entry point for a short trade, and then move to the supportive trendline .
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