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    AUD/USD: established down-trend extending

       
    The aussie has broken lower, moving below key support, including both the S1 monthly pivot and the S2 monthly pivot.

    The trend is determinedly down and is expected to continue in that direction. Right now the pair is taking time to pause and correct back up, hitting resistance where there was once support from the S2 monthly pivot .

    It will probably soon rotate and resume its down-trend, with a break below the current 0.7371 lows confirming such a continuation down to a target at 0.7300 initially, and then perhaps even further.

    AUDUSD09

       
    The aussie has broken lower, moving below key support, including both the S1 monthly pivot and the S2 monthly pivot.

    The trend is determinedly down and is expected to continue in that direction. Right now the pair is taking time to pause and correct back up, hitting resistance where there was once support from the S2 monthly pivot .

    It will probably soon rotate and resume its down-trend, with a break below the current 0.7371 lows confirming such a continuation down to a target at 0.7300 initially, and then perhaps even further.

    AUDUSD09


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