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AUD/USD: Supported By A Rising Trend Line

Pivot (invalidation): 0.7375

Our preference Long positions above 0.7375 with targets at 0.7410 & 0.7435 in extension.

Alternative scenario Below 0.7375 look for further downside with 0.7350 & 0.7330 as targets.

Comment Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

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