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AUD/USD Trading Between Key Support and Resistance

posted by Avatar FXTimes 561 days ago in USD, AUD, Technical

The 4H AUD/USD chart shows a market trading between an important support and resistance. The support is the 200 period simple moving average, which was also 50% retracement. With the break above this, and with the push of the RSI above 70, the market established bullish momentum. Now it is being tested and so far respected as support...
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