There are numerous indications that the AUDUSD will drop from here. Divergence, rejections, Pin bars, Lack of bullish conviction. I've been holding a short for a week unfortunately, but I feel that today's price action is the beginning of a downtrend from here. It would be nice to see a retracement of the entire previous bull swing, but even getting down to 7350 would be a delight. Happy Trading!
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