AUD/USD is about to retest a key horizontal resistance level near 0.6565. It has tested this level 4 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.
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Supports and resistances are primary concepts of technical analysis. GBPUSD is heading for an important price of 1.2950 – read about what this could mean for the future.
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AUDNZD hits 1.0843 after a 0.72% move spanning 11 hours.