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AUDUSD seems to be on its way to resistance – a possible opportunity?

The price of AUDUSD in heading back to the resistance area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.

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Supports and resistances are primary concepts of technical analysis. US 500 is heading for an important price of 5516.8198 – read about what this could mean for the future.

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