Fresh recovery attempts in early Monday stalled again on approach to psychological 0.7000 resistance, as oil prices and dollar strengthened and deflated risk sentiment. Repeated failure to clear initial Fibo resistance at 0.6982 (23.6% of 0.7237/0.6903) and rejection under 0.70, warn that recovery from 0.6903 (Oct 1 low) may be limited and keep larger downtrend […]
The post AUDUSD – Larger Bears to Remain Intact While 0.70 Barrier Caps Recovery Attempts appeared first on ActionForex.
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