AUDUSD: Double Top Forming at 1.02?
Choppy congestion continues, with AUDUSD testing resistance at the top of its recent range in the 1.0199-1.0234 area. If a double top were to take shape here, the initial reversal would see resistance at 1.0103. With that in mind, confirmation of a reversal has not materialized and we will remain on the sidelines for the time being.
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