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AUD/USD looking to buy on dips again

AUD/USD Technical analysis

Technical point of view we prefer to go further long with Aussie, when it gets back to its support area at around 0.774xx. A sign for getting back to that support area should be that the blue drawn line has to be broken down by the price action. The 0.774xx level will be a quite well supported price zone for Aussie in a short term period. Any further upward movement by the price action later on will lead AUD/USD to its current trading level at 0.78033 and a break out that level our target area will be with potential probability reached.

More info about take your look at the depicted chart below for your reference.

Trade well!

 

Makkaba team

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