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Dec 29 - 10:55 PM

AUD/USD - Tracking Higher And Testing Key Resistance

By John Noonan  —  Dec 29 - 08:54 PM
  • AUD/USD moving higher in Asia as USD under broad pressure

  • Offers at 0.7625 cleared and high so far at 0.7633

  • Major fibo resistance at 38.2 of 1.1081/0.5510 at 0.7638

  • A daily close above 0.7640 would be very bullish for AUD/USD

  • A close above 0.7640 initially targets May 2018 monthly high at 0.7677

  • Eventual target would be the double-top at 0.8125/35

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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