Hello Sophisticated Trader,
The $AUDUSD as finally showed some form of reversal that now put .6700 in view. The break of the 100MA on the 4hr indicates that the pair may test the breakout levels before deciding what it wants to do. The double top with January high could also be an indication that a long term top is in place. However, we will wait and see. For now, we will short .6875 SL .6900 a close above, the target of .6700.
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Dr . Lydia Smith
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