AUDUSD has been slowly stabilizing. The bearish trend has definitely slowed down. We can say that we see the formation of a triple bottom, from which we could see a move to the bullish side. A break above 0.61000 should be enough of a tailwind for further recovery.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.