For a 2nd day in succession trading was volatile yesterday but without follow through in either direction. The downside was protected by the 13 day moving average but gains curtailed short of 1.2600. This price action means immediate signals for sentiment cannot be strong but by remaining above the 13 day line and the Marabuzo line created Tuesday, 3cA studies are positive. Potential exists through 1.2570 to 1.2600 or even 1.2623.…See More
"AUD/USD Next points above 0.8645, 0.8681, 0.8712. Look for sells 0.8712 area, Targets back to 0.8616, 0.8576, 0.8541. If 0.8467 and 0.8455 breaks then 0.8398 and clear to 0.8000's. Price currently oversold but doesn't appear to be…"
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