Sofien-Kaabar

AUDUSD approaching tactical support area.

CAPITALCOM:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD approaching tactical support area at 0.7330/0.7315 confirmed by the potential reversal zone of the Harmonic Impulse Wave pattern shown in the chart as well as a simple 61.8% retracement from the bottom shown in the chart. Approaching this level and depending on the technical indicator's reading, a long position may be taken to exploita short-term bounce of around 40-50 pips.

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