Price has been in an ascending channel on the 4hr tf after rejecting a strong support. Trendline had been respected many times and pushed to make higher highs and lows. Currently rejecting recent 764 fib zone and price broke resistance on the 3hr time frame. DXY also rejecting from 95.770 which means AUD may gain strength here as the dollar retraces. Extended target is 0.73000.
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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.