Contributors Technical Analysis AUD/USD Rebound Expected

AUD/USD Rebound Expected

Pivot (invalidation): 0.6120

Our preference Long positions above 0.6120 with targets at 0.6245 & 0.6300 in extension.

Alternative scenario Below 0.6120 look for further downside with 0.6075 & 0.6030 as targets.

Comment A support base at 0.6120 has formed and has allowed for a temporary stabilisation.

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