Strategy: Pending Short
AUDUSD has stalled ahead of horizontal support-turned-resistance at 0.9043, but although we continue to see the trend as broadly bearish, positioning does not offer an actionable selling opportunity at present. We will remain on the sidelines, looking to enter short in the days and weeks ahead. Near-term support lines up at 0.8855.
AUDUSD Spot (Daily Chart) - Created Using CQG, Prepared by Ilya Spivak
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