AUD/USD Technical Analysis

(1,0476) The AUSSIE confirmed a test of the 1,05 area missing however to confirm yet the target. While above 1,0460 on an hourly closing we favour further strength! The indicators of the daily chart are still well positive but those of the s/t ones turned below the line this morning suggesting some consolidation/ correction. Only an hourly closing below 1,0460 will however support lower levels with the 200 hours line at 1,0415 the possible attraction. We stay on the sideline.

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