AUD/USD’s extended rebound last week suggests that corrective fall from 0.6624 has completed at 0.6418 already. Initial bias stays mildly on the upside this week for retesting 0.6624 high. On the downside, however, firm break of 0.6449 will argue that the pattern from 0.6624 is extending with another falling leg, and target 38.2% retracement of […]
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EUR/USD rebounded after initial dip to 1.1653 last week, but stayed in range below 1.1848. Initial bias remains neutral this week first. Rise from 1.1408 is extended to continue as long as 1.1642 support holds. Read more…
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