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It’s just a few hours away before the announcement of key interest rates from Reserve Bank of Australia (RBA) for AUD. All technicals seem to be pointing a bear for the AUD.
AUD/ USD 4 Hour Chart

200 EMA/SMA is right at the bottom with a trendline which looks very vulnerable to break. MACD/ Stochastics is looking and waiting for the decisive moment to crossover as well.
AUD/ USD 1 Hour Chart

AUD/USD 30 Minutes Chart

200 EMA/SMA is on top, MACD is below, we’re looking at a perfect setup for entry with the MACD converging to the bottom. I’m always referring to 30 minutes chart for entry, 1 hour/ 4 hours chart for trend and indication.
I’m opening a position at 0.9539, with a stop loss position of -30 pips, I’m expecting AUDUSD to breach the trendline at 0.9507.
Here’re some supportive Fundamental Anaylsis from Others
Shalom, and good luck.
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