AUD/USD edged higher to 0.7344 last week but failed to sustain above 0.7314 resistance and closed lower. Initial bias remains neutral this week first. On the upside, sustained break of 0.7314 resistance will indicate medium term reversal. Further rally should be seen to 38.2% retracement of 0.8135 to 0.7020 at 0.7446 next. Nevertheless, failure to […]
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