- AUDUSD is below MA and below Pivot Point. RSI is below 50 level. Down Trend is observed. - Price is following upward triangle but could not sustained above up the top trend line, reversing from here will make it move downward. - Good example for consolidation at top with narrow range is formed. - Alternative Scenario – One can wait for it to check S2 - 0.72073 (Horizontal Line) Below that intraday down trend may start. - Watch out levels for intraday trading.
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