AUDUSD trend formed, support broke
With the recent news of: increase of building permits (USD) and also employment change in AUD which is below forecasted value along with the fact that AUD has been slowly decreasing in value for some time being less economically stable than the USD. I’ve opened a position once the pair broke the support and as such it has kept a declining trend. I haven’t implemented a take profit yet I’m just waiting for the pull back to mark another resistance level. One to watch over the next day or so. Thanks.
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