AUDUSD 30min Analysis February 8th, 2021

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Price is consolidating around out key monthly zone of .7660

Trade Scenario 1: Bullish - For us to go long we need to see price find support at our monthly zone of .7660. We will look to enter on strong bullish setups off this zone.

Trade Scenario 2: Bearish - For us to go short we need to see price push to the downside, then retrace and for .7660 to flip as resistance. We will look to enter on strong bearish setups off this zone.

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