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AUD/USD is starting to look good for a drop from here since our analysis yesterday. The RSI has formed a bearish divergence vs the price and gives us more confidence of a drop from here to 0.7225. We're also at a key fibonacci retracement level now.
Trading recommendations:
Sell now
Take profit at 0.7225
Stop loss at 0.7500
The material has been provided by InstaForex Company - www.instaforex.com