The AUD/USD pair formed a very bullish candle today, confirming the hammer that was formed yesterday. It now appears that the 1.03 area is going to be a form of support for the near-term as the pair rocketed up from there. A short can’t really be considered until we get at least below 1.02, and probably below 0.97 as the momentum is simply too strong to the upside. Buy on the dips.
Originally posted here
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