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MEX_Exchange

AUDUSD Strategic View: Testing major resistance, time to sell

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
MEX_Exchange  
FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD audusdidea audusdshort audusdforecast audusdsignal audusddaily audusdsell audusdsetup Forex
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audusd audusdidea audusdshort audusdforecast audusdsignal audusddaily audusdsell audusdsetup forex
Sell below 0.7550. Stop loss at 0.7620. Take profit at 0.7370.
Reason for the trading strategy:
Price is now reacting off major resistance at 0.7550 (Fibonacci retracement, horizontal swing high resistance, Fibonacci extension) and we expect to see a strong reaction off this level for a drop to at least 0.7370 support (Fibonacci extension, horizontal swing low support).
RSI (34) is seeing major resistance at 95% where we expect a strong drop from.
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