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Scott Barkley

AUDUSD reversal

Bearish:  We are currently @ 0.7915 after topping out.  The USDX has flipped and we have divergence in play for the down move. We are looking for a move to the ATR Target @ o.7850 area. A continuation would target the former day chart top @ 0.7798.  Watch the USDX for any change in direction. The ATR for the pair currently is 60 pips per day. 

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