The
AUDUSD tried to break higher during the course of the session on
yesterday, but turned back around to form a shooting star. With that,
the market looks as if it’s ready to go much lower, and as a result
we believe that this market should then go to the 0.75 level given
enough time. We believe that rallies will offer selling
opportunities, and that the “ceiling” is somewhere near the 0.80
level, which is a major level on longer-term charts. With this, we
continue to sell every opportunity we get.
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