AUDUSD has a lot of retail buyers lined up for a squeeze lower

The AUDUSD is showing a lot of retail traders that are lined up long off support and higher lows. Price is extended into 0.6737 so we may see a long squeeze of retail for a move lower. Price still has some work to do and will need to hold a lower high for the shoulder entry setup. Price has popped up off the 0.6675 area but if the USD continues to rally then the pressure will be on the Aussie Dollar. See if we get the setup for a sell opportunity.

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