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New Forex Trading Signal: Sell AUDUSD @ 0.7690

Sell AUDUSD @ 0.7690. Take profit targets @ 0.7630 and 0.7600

Stop loss @ a close above 0.7730

Conviction:

On the 4 hours chart, the AUDUSD reached the resistance level formed since last month around 0.7690 and it’s showing weakness as the CCI is the overbought zone. There is a divergence between the moving average and the RSI as the moving average is heading upwards whereas the RSI is heading downwards and so, confirming a bearish trend.

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About Razi Hammoudeh

Razi’s professional experience was gained over the course of more than a decade working with leading Forex market makers in the Middle East, Asia and Europe where he learned about trading, financial instruments and global markets. Being exposed to the wide range of skills he acquired along the years, he continued to develop his trading strategies and further improving his track record in Forex trading. He used innovative business development strategies to find FXLORDS, helping it to rapidly become a major provider of education and trading tools to the successful trader. He is an enthusiastic individual, motivated by challenge and renowned for pushing the limits, always looking to gain some more experience and help as much as possible along the way.

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