AUD/USD Weekly Outlook

AUD/USD’s rebound last week argues that a short term bottom was formed at 0.6828, on bullish convergence condition in 4 hour MACD. Initial bias is mildly on the upside this week for 55 day EMA (now at 0.7187). On the downside, though, break of 0.6948 will resume larger fall from 0.8006 through 0.6828 low, and […]

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