Forex Strategy: AUD/USD Aiming Below 0.88?
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- AUD/USD Technical Strategy: Waiting to sell as near-term setup hints at bounce
- Prices turned lower as expected after putting in a Three Inside Down candle pattern
- A close below 0.8890 (50% Fib exp.) has exposed 0.8751 (channel bottom)
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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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