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Technical analysis of AUD/USD for 10th November 2016

Price is approaching a major resistance level at 0.7693 (Fibonacci projection, Fibonacci retracement, horizontal overlap resistance) where we expect a reaction from and a drop towards 0.7582.

RSI (34) is approaching pullback resistance too.

Sell below 0.7693. Stop loss at 0.7736. Take profit at 0.7582.

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The material has been provided by InstaForex Company - www.instaforex.com