Reversal or Breakout

Por FXAutomate
AUDUSD is finding itself up against some strong resistance from the Daily 100 SMA and Monthly R1 @ 0.740. If it manages to stay above the Daily 21 EMA there is a chance that we will see a break higher but if not the more likely scenario would be another move lower towards the last swing lows @ 0.718
Trend Analysis
FXAutomate

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