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Trader, analyst and instructor with a 6-year experience

UBS: sell AUD/USD

AUD/USD extends the downside on Wednesday, testing the levels below the yesterday’s support at $0.9030.

UBS recommends selling AUD/USD on a daily close below $0.9040, targeting $0.8550 and with stop initially placed at $0.9250. They point that the bearish pressure persists below the key resistance of $0.9210. 

Chart. Daily AUD/USD

AUD
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