SOFRONOFX
Short

AUD/USD exhaustion as we move closer to some strong resistance

OANDA:AUDUSD   Australischer Dollar/U.S. Dollar
Good commodity prices like iron ore and strong economic data have carried the aussie dollar over the past couple of weeks. We can expect a good pull back as we move into a well respected technical zone, confirmed by a head and shoulders formation indicating some exhaustion. We may see the market move side ways as all eyes are on the US jobs data later this week.
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