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Breach of 0.7107 could mean a start of a bearish trend on AUD/USD

AUD/USD has broken through a line of 0.7107. If this breakout holds true, we could see the price of AUD/USD heading towards 0.7032 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirmation the breakout before placing any trades.

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