AUD/USD’s rebound from 0.6992 resumed last week and hit 0.7313, but retreated sharply since then. Initial bias is turned neutral first. We’re still slightly favoring the case that correction from 0.8006 is complete after defending 0.6991. Above 0.7313 will extend the rise from 0.6992 to 0.7555 resistance. However, break of 0.7128 support will dampen this […]
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