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AUDUSD: Vulnerable Prints Rejection Candle

AUDUSD: With the pair failing to sustain its intra day gains to close flat on Wednesday, further downside pressure is likely. On the downside, support resides at the 0.7950 level where a breach will aim at the 0.7900 level. Below that level will set the stage for a run at the 0.7850 level with a cut through here targeting further downside towards the 0.7700 level. On the upside, resistance lies at the 0.8026 level. A cut through here will turn attention to the 0.8100 level and then the 0.8150 level where a violation will set the stage for a retarget of the 0.8100 level. On the whole, AUDUSD continues to retain its broader downtrend pressure though recovering.

AUDUSDproDaily

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