Hello traders, AUD/USD is trading at 0.7690. The price is trading in sideways trend and can start a new down trend soon. As the price is trading in sideways trend and reversed back from its support level, if it breaks the support level at 0.7626 then it can start a new down trend. If the pair starts a new down trend then its target price will be at 0.7479.
Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
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