EUR/AUD’s fall from 1.8155 extended lower last week but recovered after hitting 61.8% retracement of 1.7245 to 1.8155 at 1.7593. Initial bias is turned neutral this week for some consolidations first. While stronger recovery cannot be ruled out, further decline is expected as long as 55 D EMA (now at 1.77812) holds. Corrective pattern from […]
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