Consolidating Thursday presents us with AUD/USD

Hello traders,

let’s hit the charts

 

 

1. AUD/USD

AUD/USD has a great setup when looking at it, but there is also a great probability that it’s a setup.

The daily candlestick is resting on a key support zone and still not closed. So while some traders may be looking for a sell entry, there is a likelihood that price may reverse at this point or have a major pullback.

If you are selling be cautious

 

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