FX Trends daily (FOCUS: AUD/USD)

The AUD/USD has recovered in the recent sessions. This recovery may extend toward 0.9234/58 (August high pivot & 1st retracement of the downtrend since April top), possibly toward 0.9433 (former medium term support now resistance). Below this barrier, the risk of a new bearish wave remains high. Buy – Stoploss @ 0.9019 – Target @ 0.9257.

Read the full report: FX Research



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