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AUD/USD in a Double Bottom Attempt

posted by Avatar FXTimes 377 days ago in USD, AUD, Technical made popular 377 days ago

The AUD/USD was in a corrective rally trading in an upward channel during the 5/9-5/10 trading session. As we entered the 5/11 trading session, the market fell below the correction pattern and cracked this week’s low at 1.0019, but only barely. It held above 1.0015 and is now back to the 1.0070 area, which was a pivot during the 5/9-5/11 period...
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