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Traders good to be with you as we are looking at the AUDUSD today just after the RBA left rates unchanged and released the rate statement. This pair moved 50 pips to the upside with this release and now seems to be just settling and we need to wait for price to level off. Traders we have to remember the bias to this pair is bearish and all I am looking for is to sell this pairs. As price is now at resistance we will look to sell this. We are now at the R2 reversal pivot at the price level 0.7420. I am looking to take profits at support of price level 0.7295 at the 200 ema. This trade might take a day or so, now is the time to be patient.

Thank you traders and we will talk soon……William

FX Instructor Forex Blog – For Traders, By Traders

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