AudUsd to resume its up move?
Two weeks ago, AUD/USD reached a significant support zone at 0.65. Following a slight rebound from this zone, the pair entered a consolidation phase throughout last week. The overall bullish trend that began in late October remains intact, suggesting that the pair may continue its upward movement.
My bullish stance persists as long as the 0.65 support level holds, with the possibility of a retest of the 0.69 high in the medium term.
My bullish stance persists as long as the 0.65 support level holds, with the possibility of a retest of the 0.69 high in the medium term.
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