Based on central banking FX management practices of monetary method. AUDUSD 0.7449 defended by "managed float" but at risk to be broken to downward by "independent float". The current movement is to downward to 0.7449.
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Adding Trade: I short AUDUSD at 0.7722 with stop loss 0.7800 to target 0.7610 for 112 PIPs profit expectation based on weekly U-shape currency band.
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The trade under pressure but on track.( Adding Trade: I short AUDUSD at 0.7722 with stop loss 0.7800 to target 0.7610 for 112 PIPs profit expectation based on weekly U-shape currency band.)