AUD/USD had a wild day as it soared initially, only to fall hard in the US session on Thursday. The pair then rebounded nicely at the close, and ended the day forming a shooting star-like candle. The bottom of the candle sits right at the 0.97 support level, and if that gives way – we would have a long-term sell signal in this pair. The pair has been sold off any time it has tried to rally, so because of this, we are sellers only. A daily close below the bottom of the Monday hammer has us aggressively short this pair.
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