AUDUSD is forming up into Head 'N' Shoulder setup. Also looking at USD pairs, we can figure out strong upside movement in USD major pairs. Considering these two scenarios we can conclude there are high chances AUDUSD will be a good option for a short position.
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Happy trading.!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.