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Short AUD/USD

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The Aussie is in the same position as the New Zealand dollar and is looking for a short because it's at the top of the range. Again this supports the fundamentals for a strong dollar moving forward. With that said, I am looking to shore the Australian dollar against the recent hi for a profit of .6400 or even lower, maybe a retest of potentially .5500 over the coming months. The pair is also forming a triangle pattern, For a retest of the low.

Caution if you are looking to trade this pair please make sure that the shorter time frames are in overbought before entering.

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Let's make some money together!

Happy trading!

Dr. Lydia Smith

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Contrary indicator shows the levels of selling are extreme, please trade cautiously