Looking to short AUDUSD as it rejected a trendline and 38.20% FIB Level. We will also be monitoring the DXY(Dollar Index) for correlation and more confluence. A break and retest below 0.65200 psychological level support will give us a proper confirmation to go short.
I will be shorting this pair now but with extreme caution and add more orders upon the break and retest of the support.
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