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AUDUSD Pin Bar Reversal From Key Support

The AUDUSD fell lower on Friday and today after forming a bearish pin bar with the downward momentum last Thursday. However, today, the market recouped almost all its early-session losses into the New York close and formed a large pin bar reversal / false break of key 1.0150 support. Given that this pin bar is showing rejection and a false-break of such a key support level we could see some retrace to the upside before this market moves lower again. The next key resistance is seen up near 1.0350 area.

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