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AUD/USD technical analysis: bulls still looking higher
The AUD/USD pair shows few signs of stopping its recent bull run, following an impressive recovery from the 0.7060 area. AUD/USD analysis shows that the pair may be preparing to test towards the 0.7280 level over the medium term. The Australian dollar is pressing towards the 0.7200 level against the US dollar, after the pair enjoyed strong dip-buying demand from the 0.7060 level last week. AUD/USD technical analysis shows that both lower and higher time frame analysis is pointing to further gains towards the 0.7280 level. The daily time frame shows that a key rising trendline resistance is present around the 0.7280 ... (full story)