Chart of the Day $AUDUSD

/ Blog / By Alex

AUDUSD is rotating lower

On the AUDUSD daily chart, we can see that the pair is rotating lower from 0.7160 level again. This reversal lower is opening another test of 0.7000 level. Looking at this price action only a daily close above the 0.7160 level would invalidate the downside continuation.

Note: look for the short trade entries with the stop loss above the 0.7160 level.

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