Forex Strategy: AUD/USD Long Position Still in Play
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- AUD/USD Technical Strategy: Holding long from 0.9189; aiming above 0.9714 (50% Fib)
- Last week’s close above the first target at 0.9640 triggered moving the stop-loss to breakeven
- A weekly close above 0.9714 exposes the next upside objective at 0.9919 (61.8% Fib)
Confirm your chart-based trade setups with the Technical Analyzer.
Weekly Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
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