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AUDUSD Moves Higher, But Bears Still In Control

The AUDUSD has retraced over the last couple of days and pushed modestly higher. If the market continues retracing higher, we will watch resistance for price action sell signals to trade back in-line with the downtrend in this market. Traders can watch the 21 day EMA dynamic resistance level and the horizontal resistance up near 0.9340 for sell signals if we continue to rotate higher from here.

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