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AUD/USD Retraces Within Uptrend

posted by Avatar jameschen 667 days ago in USD, AUD, Technical made popular 667 days ago

AUD/USD (a 4-hour chart of which is shown), has retraced back down to a key uptrend support line extending from the 83.15 double-bottom low established in early July. This bearish retracement occurs within the context of this month’s steep uptrend that hit a 2+ month high of 0.9067 just yesterday before beginning the current correction.
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