AUD/USD Near Term Downtrend While Below .7223
Chart Prepared by Jamie Saettele, CMT
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-After turning down sharply from ‘angle resistance’, AUD/USD has resumed lower and is in a near term bearish position while below .7223 (latest swing high). In the event of fresh trend lows, the next support may not be until the mid-.6700s (1999 high, 2004 low).
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