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Technical Analysis: AUD/USD

There are no changes in a short-term structure, as the pair is still trading within the same range limited by... 

 
There are no changes in a short-term structure, as the pair is still trading within the same range limited by 0.9800 and 1.0020. Breaking and consolidating below 0.9800, right where the 100-Day SMA resides, would confirm bearish bias and aim the pair for testing the key support by 0.9540. Meanwhile, a break back above 1.0020 would allow continuing the upside trend towards recent highs at 1.0265.
 
 

Edward Smith, technical analyst of company Admiral Markets.

At any use of the analytical material taken from a site of company Admiral Markets, and the secondary publication on any other resources, the rights to intellectual property for a dealing centre «Admiral Markets», the reference to a company site is obligatory.

 

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