AUDUSD chart shows that we have downtrend for some time already. Actually there is quite strong correction reminding flag formation, after which we should see break consistent with earlier movement. It is worth to look for opportunities to open short position consistent with trend.
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One of these opportunities can happen on H4 chart or lower. There is Pin Bar pattern being created. It shows rejection of resistance next to 0.7135. It is probably signal of continuation of decreases. Breaking last low should mean that price will go at least to round level 0.7000.
