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AUD/USD – approaching a price line that has been previously tested numerous times in the past

AUD/USD is moving towards a support line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 4 days and may test it again within the next 10 hours.

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After experiencing a 5.55% bullish move in the space of 36 days, nobody knows where UK100 is headed.

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