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Day two: potential AUD/USD trade

Following on from my trade idea yesterday: on the hourly chart AUD/USD has broken through supply at 0.9250 and has the potential to rally to my suggested sell limit of 0.9270.

Data is fairly limited through Asia, although it will be interesting to look at price action in China given the market is seeing signs that the PBOC are more accommodative.

In the US we get the latest durable goods orders, while we also get Q1 S&P Case-Shiller House Price Index. Good numbers here could support the USD side of the equation.

AUD/USD
AUD/USD

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