The AUDUSD remains in an uptrend mood (0.6940 trend line) with the closest target rate at 0.7051. A break above the 0.7051 level could possibly force the pair as high as 0.7112. In contrast, support is found at the 0.6940 and 0.6865 respectively. A break below the 0.6865 could possibly force the pair as low as 1.6857 (78.6% Fibo Retracement). The RSI (DAY) remains at the neutral territory. The CCI (DAY) remains closed at the overbought territory.

 

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Christos Nikolaou

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