AUD/USD
Strategy: Pending Short
AUDUSD has bounced from support at a falling trend line connecting major swing lows since early November, clearing the top of a downward sloping channel and pausing ahead of horizontal support-turned-resistance at 0.8941. A break above this level will expose a rally above the 0.90 figure. We remain sidelined for now but will be on the lookout for signs that the bullish correction is fading for selling opportunities.
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