A weaker Australian Dollar vs US Dollar

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The Australian dollar appears reluctant to break above its resistance level, so we consider selling and targeting the support level below. We believe that the current market conditions suggest a bearish outlook for the Australian dollar, as it struggles to gain momentum above the resistance level. By selling at this point and targeting the support level below, we aim to capitalize on potential downward movement in the currency.
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AUDUSDDouble Top or BottomForexforexsignalssellsignalshorttradeSupport and ResistancesupportandresistancezonestradingsignalstrendfollowingTrend LinesTrend Line Break

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