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Australian Dollar / U.S. Dollar
Short
Jan 4, 2022
AUDUSD - Looking at the bearish model
4
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Aussie took a sharp drop last night and is now dealing with the 72 level.
There is economic data coming out at 0100 hrs tomorrow morning my time (AUS), so I will be paying attention to that.
The Daily chart for mine is modelling a W - X- Y with C of Y in it's early stages.
"IF" true then C=A could find Y circa 67 when complete , which would be an outstanding
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