The AUD/USD hit a low point of0.9422 last week, just above a keyshort term support at 0.9410(retracement of 38% of the uptrendbetween August & October). Abovethis support, a rebound is possible inthe coming sessions which would beconfirmed by a break above anintraday resistance at 0.9550 pavingthe way to 0.9758 top. Above thisthreshold, the next medium termresistance lies at 0.9965. A breakbelow 0.9410 would invalidate thisscenario in the short term and wouldsignal the extension of the correction.Buy – Stoploss @ 0,9409 – Target @0,9757.
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