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BennyManieri

Benny Manieri explains possible bullish swing on Aussie/USD

Long
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
BennyManieri  
FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD audusdlong audusdsignal audusdforecast combinedtechnicalscore pivot Fibonacci Fibonacci Retracement fibextensions
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audusd audusdlong audusdsignal audusdforecast combinedtechnicalscore pivot fibonacci fibonacciretracement fibextensions
Looking on the hourly chart, we see an area of interest around the 73 even handle. It sure will be interesting to see how price behaves around this level after the market opens on Sunday night. If price continues it's march downward, a double bottom with some RSI divergence would lend quite a strong signal that it is now time to get long. A number of different technicals seem to be converging on this one area, take a look. Using structure target and stops, the situation presents with roughly a 1.25/1 reward to risk.

Benny Manieri
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