EUR/AUD Set to Tumble

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Having traded just shy of a major resistance the EUR/AUD could give way for a decline. As the AUD had been beaten for the past weeks due to the economic contraction caused by the Coronavirus the AUD might see activity even before the weekend.

We’d like to sell slightly below the resistance for the day (Sell Limit order) at 1.6405 with SL at 1.6440 and TP at 1.6300

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