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AUD/USD likely to test 0.6674 in the near future. Where to next?

AUD/USD is moving towards a line of 0.6674 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If AUD/USD continues in its current trajectory, we may see it move towards 0.6674 within the next 3 days.

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We expect EURUSD to trend upwards right now.

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