AUDUSD Rejects a Major Resistance Level April 30

As we stated in our weekly market update the AUSUSD was facing a major overhead resistance level at 0.8027 and to look for possible shorting opportunities. The Aussie dollar is now at a much lower level and anyone watching out for this trade could have made a 100+ pip profit. I maintain a bearish outlook on the AUDUSD until the resistance level is broken.

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Chris Ferreira

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