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AUDUSD showing signs of bullish exhaustion
Steve Lucas from 3cAnalysis.com is looking at AUDUSD today. A rally from January's three and a half year low appears to have run out of steam and the market is now posting lower daily highs and lows. The daily shooting star which formed on Friday is a sign of bullish exhaustion.
Steve Lucas suggests selling AUDUSD at the open and at .8976, the Asian open, with a stop loss
at .9021, yesterday’s open
Targets are to .8910, the 4th of March low, .8890, this month’s base, and .8850.
01:24 minutes
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