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AUDUSD: Sells Off, Remains Vulnerable

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AUDUSD: Sells Off, Remains Vulnerable

Postby FXTechstrategy » Thu Feb 01, 2018 4:36 pm

AUDUSD. The pair looks to weaken further after selling off during Thursday trading session. On the downside, support resides at the 0.7950 level where a breach will aim at the 0.7900 level. Below that level will set the stage for a run at the 0.7850 level with a cut through here targeting further downside pressure towards the 0.7800 level. On the upside, resistance lies at the 0.8050 level. A cut through here will turn attention to the 0.8100 level and then the 0.8150 level where a violation will set the stage for a retarget of the 0.8200 level. On the whole, AUDUSD faces further bear threats.

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