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Aussie Price Outlook: Australian Dollar Breakout Vulnerable into RBA
The Australian Dollar has rallied more than 1.3% off the yearly lows against the US Dollar with the late-May breakout now testing initial resistance targets. These are the updated targets and invalidation levels that matter on the AUD/USD charts heading into the weekly / monthly open. Review this week’s Strategy Webinar for an in-depth breakdown of this setup and more. Technical Outlook: In our last AUD/USD Trade Update we noted that price was approaching initial resistance at,“6911 backed closely by the upper parallel of the pitchfork we’ve been tracking since the monthly high- ultimately a topside breach / ... (full story)