AUD/USD: Technical Analysis

The technical structure on daily chart is still very interesting, our short term setup has been corrected (see chart below), but now the pair is approaching an important long term resistance around 0.6880 area. That said, we still don't rule out some bullish consolidation in short term, but once the impulsive structure on 1H chart is completed, we expect an interesting corrective structure.

OUR SHORT TERM ANALYSIS SETUP

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Kommentar:

🔴 Our resistance seems to be working properly...