TECHNICALS: Much of technical analysis is subjective and I’m seeing AUD/USD with bullish-tinted glasses. A basing formation on the shorter-term charts suggests to me that we could move straight back to .9300 (see chart). Yesterday’s break-up level near .9030/50 should provide support on the day. There is some trend-line resistance coming in near .9150 but I think .9300 is the target on this up-move.
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