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AudUsd Break or Bounce?


Weekly Time Frame:

Daily Time Frame:

 

AudUsd: Current Price .69120 if we maintain below .69250 key psychological zone we can see short pullbacks to .68500.


Monthly time frame closed off a strong engulfing/ morning star formation. With a strong weekly engulfing if we break .69250 we can potentially see .70500 key psychological.


Potential targets are marked we just need to hold off on a clear direction. Would like to see how this daily closure ends! Risk management is key (trade safe).

 

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