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Dollar Australia / Dollar AS
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AUDUSD starting to reverse nicely, watch this space!

Oleh Tickmill
Broker

AUDUSD has started to test our major resistance and is reversing nicely. Our major resistance remains at 0.7988 (78.6% Fibonacci retracement, horizontal swing high resistance, bearish divergence) and a strong drop could occur at this level to push price down towards 0.7883 support (23.6% Fibonacci retracement, horizontal pullback support).

RSI (34) sees bearish divergence versus price signaling that a potential reversal is upcoming.

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Tickmill
Broker
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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