AUDUSD we are bearish biased. We are expecting US dollar index (DXY) to appreciate during the coming days, which in turn will send Australian dollar lower. Technically, the pair has now switched bearish. We will be looking for short opportunities the coming week and we will be paying attention to an imbalance and a bearish candle that opened at 0.65044 on 09 November 2022 (AUDUSD is more likely to gravitate towards that).
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Trade smart!
