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AUD/USD seems to be on its way to resistance – a possible opportunity?

AUD/USD is moving towards a resistance 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 8 days and may test it again within the next 2 days.

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We expect NZDUSD to trend upwards for the next 48 hours.

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If AUS200 touches 7518.0000 it may be time to take action.

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