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Dear Traders, The AUD/USD is still bearish. We can see the confluence around 0.6590 zone which might show fresh sellers. The POC zone 0.6590-0.6620 is clearly bearish and if the price rejects from it we should see a downward continuation. The first target is W L3 – 0.6539 and below the price will be targeting W L4 – 0.6485. However, in order for the price to drop further below a close below 0.6480 is needed. The scenario is valid as long as the price stays below 0.6650. The Analysis has been done with the CAMMACD.Core and Sit System s This article was originally posted on FX Empire More From FXEMPIRE: Italy’s Economy Proves Extremely Vulnerable to Coronavirus Epidemic Oil Price Fundamental Daily Forecast – US Producers Caught in the Middle of Saudi, Russia Spat As Yields Move Higher for Week, Keep Your Eye on the Leader – US 10-Year Treasury Notes E-mini S&P 500 Index (ES) Futures Technical Analysis – In Position to Post Closing Price Reversal Bottom AUD/USD New Sellers are Waiting at the Confluence Monthly Market Review – Coronavirus Widespread was the Main Focus View comments
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