On our market watch, today is AUDUSD. The pair is rejected by a strong upside resistance level 0.8070. This is the key long-term upside reversal level and could lead to an extension higher into 0.8500 level. This rejection is giving us the perfect risk reward sell entry.
Note: enter the sell trade with the SL just above 0.8100 level targeting lower support trend line 0.7800-0.7850 zone.
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