AUD/USD: Prices Find Fib Support, Hint Upswing Ahead
Strategy: Pending Short
AUDUSD has produced a Hammer candlestick above support at 0.8368, the 61.8% Fibonacci retracement of the 5/25-6/21 upswing, hinting that a recovery may be ahead. Our overall bias remains bearish and we will look for a move higher to produce an attractive selling opportunity.
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