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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 analysis for November 22, 2018

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Recently, the AUD/USD pair has been trading downwards. The price tested the level of 0.7234. Anyway, according to the H1 time – frame, I found breakout of the supply trendline in the background and potential bullish flag in creation, which is a sign that selling looks risky. My advice is to watch for buying opportunities if you see a breakout of the bullish flag. The upward target is set at the price of 0.7336.

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