AUD/USD’s rebound from 0.6087 extended higher last week but lost momentum again just ahead of 38.2% retracement of 0.6941 to 0.6087 at 0.6413. Initial bias is turned neutral this week first. On the downside, firm break of 0.6327 will suggest that the corrective rebound has completed, and bring deeper fall to retest this low. Nevertheless, […]

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