| Trade Idea AUD/USD intraday: key ST resistance at 1.05. |
Pivot: 1.05
Our preference: Short positions below 1.05 with targets @ 1.042 & 1.038 in extension. Alternative scenario: Above 1.05 look for further upside with 1.054 & 1.06 as targets. Comment: as long as 1.05 is resistance, look for choppy price action with a bearish bias. |
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Disclaimer
The analysis we provide is based on the average estimate of price movements in one day. Does not guarantee what we deliver is actually a proper and correct. Everything that happens in the decisions you make on your trading transaction is to be Your responsibilities.
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