AUDUSD has had a nice leg up the past weeks, but large price action shows that AU is still sideways. The arrow on top is pointing to a hard price rejection tail, a clear indicator that we're moving for a retest in the opposite direction. I expect a promising short down to the support line at .765. as always there will be consolidation and resistance, so keep an eye out for covers and reentry!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.