AUDUSD idea
From the knowledge I have acquired of late from other traders as well as trade documentation. It seems like the AUDUSD currency pair is on a long term downtrend as shown by the 200MA that is pointing somewhat downwards. Also the channel plotted shows that there is a break occurring which is goin against the direction. Having been in a Base after a Rise there is great expectation of a Drop, (RBD)
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