Trading For Beginners – AUDUSD On Local Support

Recent decrease of AUDUSD can be seen on weekly chart already. Another stop of bulls on similar level make us think about further decreases.

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Daily chart shows that price reached level of local support. It is quite clear place where bulls can react last decreases. We should watch the chart closely. In near time situation should be clear. Breaking the support will open place for further decreases, as we expect from weekly chart.

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