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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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AUD/USD broke past its intermediate support, potential further drop!

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Price broke past its intermediate support which confirms a further drop.

Entry: 0.7011

Why it's good : 23.6% Fibonacci retracement

Stop Loss : 0.7046

Why it's good : 61.8% Fibonacci extension, horizontal swing high resistance

Take Profit : 0.6994

Why it's good: 38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal pullback support

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