AUDUSD SELL BIAS

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So price has been on an overall uptrend for sometime now, and is currently approaching a weekly resistance level which could see price head back down. On the daily, we've made an impulsive move and currently expecting price to give us the corrective move to the downside to complete the impulsive-corrective move pattern. Also on the H4 we could see price head back down to at least test the recent resistance level that was broken which could potentially turn support. Currently keeping an eye on that highlighted area above to see how price action develops.

Penafian

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