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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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AUD/USD profit target reached perfectly once again, prepare to sell

Price has risen and reached our profit target perfectly as expected. We prepare to sell below major resistance at 0.7532 (Fibonacci retracement, horizontal overlap resistance, bearish price action) for a push down to 0.7477 support (Fibonacci extension, horizontal swing low support).

Stochastic (34,5,3) is seeing strong resistance below the 92% level where we expect price to drop further from.

Sell below 0.7532. Stop loss at 0.7565. Take profit at 0.7477.

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The material has been provided by InstaForex Company - www.instaforex.com