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AUDUSD 60 Minute Chart Analysis
Hello traders great to be back with you today as we had some movement in the Asia session. We had data come out and moved the AUDUSD about 60 pips to the upside and we all know this is a bearish pair. This is the 1 hour chart. The trade for today is very simple The daily chart remains in a bearish range. As we have data in the Asia session again today so I will wait for that and continue or stop and from the chart you can see it is now sideways. The data came out and gave us a jump and has already started to pullback. I will stay with the trade plan and wit for price to get below the trend line and look to enter at 0.7679 and look to take profit at 0.7605. There is a chance this could just continue up we will wait and see. This trade is going to take patience and waiting for the London open. Thank You Traders and Talk Soon……..William
Source: http://www.fxinstructor.com/blog/audusd-60-minute-chart-analysis-3
