Falling towards 50% Fibonacci support?

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AUD/USD is falling towards a support level which is a pullback support that lines up with the 50% Fibonacci retracement and could bounce from this level to our take profit.

Entry: 0.6638
Why we like it:
There is a pullback support level which aligns with the 50% Fibonacci retracement.

Stop loss: 0.6593
Why we like it:
There is a pullback support level.

Take profit: 0.6712
Why we like it:
There is a pullback resistance level.

Penafian

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