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AUD/USD Weekly Outlook

posted by Avatar dailyjane 797 days ago in USD, AUD, Weekly made popular 797 days ago

AUD/USD edged higher to 0.9250 last week but lost momentum after hitting falling trend line resistance. Initial bias is turned neutral this week and some consolidations might be seen. Nevertheless, rise from 0.8577 is still in favor to continue as long as near term rising trend line (now at 0.9057) holds.
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