AUD/USD: A Weekly Close Above 0.7231 To Target 38.2% Fibo Level Towards 0.7447

The Australian Dollar enjoyed the relief rally in markets. Can it continue forward? Here is their view, courtesy of eFXdata: NAB discusses AUD/USD technical outlook and flags a scope for an extended short squeeze higher. “Series of lower highs / lower lows (MT downtrend structure) was broken this week with the break of the last correction […]

The post AUD/USD: A Weekly Close Above 0.7231 To Target 38.2% Fibo Level Towards 0.7447 appeared first on Forex Crunch.

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