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Australian Dollar / U.S. Dollar
Short

AUDUSD: Bearish Breakout Ahead! 55.06% Chance to Hit My Target!

By Jasminex1x2
Updated
The Australian Dollar faces several headwinds that support a bearish bias against the US Dollar:

1. China's economic slowdown is hurting demand for Australian exports.
2. The RBA has paused rate hikes while the Fed maintains a hawkish stance, potentially widening the interest rate gap.
3. Global economic uncertainties favor the safe-haven USD over the risk-sensitive AUD.

I'm using probability analysis on my charts to find good short entry points for AUD/USD.

6M:
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2W:
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1H:
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Feel free to comment below with your thoughts or questions!
Trade closed: stop reached
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