AUD/USD: Make or break at a 'tough hurdle' resistance zone - JPMorgan

Discussion in 'Technical Analysis' started by ForexLive, Oct 14, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    AUD/USD trading up 62 pips to 0.7631 today While the medium-term uptrend for AUD/USD is intact, the current setup suggests that a corrective phase is close, given the deteriorating short-term technical backdrop. For that view, the recent struggles to extend through the next zone of critical resistance highlight the growing risk of a retracement.

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