AUD/USD: Candlestick Positioning Hints Double Top
Strategy: Pending Short
AUDUSD may have put in a double top below support-turned-resistance at 0.8855 after prices confirmed a Hanging Man candlestick with a sharp selloff. However, it looks unattractive to enter short at current levels from a risk/reward perspective with support close by at 0.8574 and we will remain flat for now, monitoring prices for an actionable selling opportunity.
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