Forex Strategy: AUD/USD Turns Lower as Expected
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- AUD/USD Technical Strategy: Pending short, waiting for attractive risk/reward
- Prices turned lower as expected after putting in a Three Inside Down candle pattern
- A close below 0.9348 (23.6% Fib exp.) initially exposes 0.9094 (38.2% Fib exp.)
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Weekly Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
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