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AUD/USD

The AUD/USD pair broke higher during the course of the session on Monday after initially gapping lower, but still has to deal with the 0.80 level above, which was once massively supportive. With that being the case, it should now be resistive and if we see a resistant candle in that area, it should scream “sell!” In fact, it’s possible it could be a long-term signal to start selling the Aussie as well, which would recognize the market breaking through a significant barrier. On the other hand, it is not until we get above the 0.83 level that we would even consider buying the Aussie.

fxempire

 

audusd20

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