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AUDUSD, February 9, 2021
Overview:
Prices are moving in a short-term uptrend
Expected:
The pair is trading above a strong support level around 0.7710, which might push the pair to go downwards to reach the level of 0.7736.
Alternative Scenario:
On the other hand, we think that if the level of 0.7710 is broken to the downside, the pair might be pushed downwards to 0.7663.
| Resistance | 0.7788 | 0.7751 | 0.7736 |
| Support | 0.7625 | 0.7663 | 0.7710 |
Disclosure of risk: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.
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