KQMarkets

AUDUSD - Short Below Key Psychological Level

Short
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
We see AUDUSD moving lower and have strong conviction in our view as long as prices are below the key psychological level at 0.7 despite the recent bounce above the 0.686 resistance level. This is due to a significant amount of uncertainty surrounding US and China trade talks despite both sides indicating that a deal could be made in November.

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