* RES 4: $71.771 - 2.618 proj of the Oct 28 - Nov 13 - 21 price swing * RES 3: $70.000 - Psychologic...
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A sharp move down this week so far, in AUDUSD, highlights a clear bear threat. This also reinforces a short-term bearish signal on Nov 13 - a shooting star (inverted hammer) candle formation. Note too that moving average studies are in a bear-mode position, highlighting a dominant downtrend. Key short-term pivot resistance has been defined at 0.6580, the Nov 13 high. A continued sell-off would expose 0.6440, the Oct 14 low.
TYF6 114.50 calls 3K trades at 0-17, initial activity was buyer initiated.