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AUD/USD - Standby to Sell

AUD/USD - Standby to Sell

AUD/USD is setting up for a potential sell trade. The fundamentals here are up for grabs, but the technicals are telling a good story:

20160323 audusd

The rally in AUD/USD may be ending. Note the MACD at the bottom of the chart. Traders may standby for a crossover well above the zero line (a stronger sell indicator) that hits as the pair fails to break above the 61.8% retracement level around 0.7650.

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