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AUD/USD – approaching a resistance line that has been previously tested at least twice in the past

AUD/USD is moving towards the resistance line of a Channel Up. Because we have seen it retrace from this line before, 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 5 days and may test it again within the next 18 hours.

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JPN225 is quickly approaching the support line of a Channel Up. We expect either a breakout through this line or a rebound.

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