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Weekly Technical Perspective on AUD/USD
In this series we scale-back and take a look at the broader technical picture to gain a bit more perspective on where we are in trend. Here are the key levels that matter on the weekly charts for the Australian Dollar. Review this week’s Strategy Webinar for an in-depth breakdown of this setup and more. Notes: Last week we noted that the Australian Dollar was, “testing BIG weekly support and IF price is going to rebound, this would be a good spot.” Price was unable to close below confluence support at 7480 with Aussie mounting a counter-offensive against the US Dollar early in the week. Note that the momentum ... (full story)