Aussie dollar has raced down with the flow since the rate cut, as the rate cut happened along with some hawkish statement. Today it hit the recent Resistance area of 0.7630 against USD and it may be pulled back in short term, as this area had faced much resistance in the past. We may look at the lower period chart and look for bearish engulfing candle and if it happened, then we might place a sell order. Please find the daily chart of AUDUSD and the Resistance area,
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