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Talking Points
- AUD/USD Technical Strategy: Pending short, waiting for attractive risk/reward
- Prices turned lower as expected after putting in a Three Inside Down candle pattern
- A close below 0.9348 (23.6% Fib exp.) initially exposes 0.9094 (38.2% Fib exp.)
Confirm your chart-based trade setups with the Technical Analyzer.
Weekly Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency Strategist for DailyFX.com
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