AUD/USD: Short Entry Sought Below 0.90 Level
Strategy: Pending Short
AUDUSD broke down below the psychologically significant 0.90 figure and are now re-testing the level to he upside after recoiling from support in the 0.8642-0.8746 congestion region. Entering short does not look attractive from a risk/reward perspective at current levels and we will remain on the sidelines for now.
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