By FXEmpire.com
The AUD/USD pair fell, and then bounced on Wednesday to form a hammer. This is a very bullish sign, and since it is basically at the 1.0750 area – it is at the right place as well. If we can break the highs for Wednesday, this would be a classic buy signal. If we break the lows – we will see 1.05 sooner, rather than later. The trend is up, so a buying set up is preferred.
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