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AUD/USD Sits On Top of Key Support Ahead of RBA Meeting

posted by Avatar FXTimes 414 days ago in USD, AUD, Technical

On 4/27 the AUD/USD broke above the resistance zone of 1.0452-1.0463, but since then, it has failed to sustain the break. The 4/30 week starts with some key risk factors that may have held the market from extending the break. The throwback so far hovers above the 1.04 level, and is therefore still within the scenario of a bullish breakout...
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