AUD/USD Classical 07.06
Aud/Usd: In the process of consolidating the latest round of setbacks below 0.8500, and the risk from here is for a bearish continuation and fresh drop back towards the current yearly lows at 0.8070 over the coming days. Only a close back above 0.8500 negates.
Written by Joel Kruger, Technical Currency Strategist for DailyFX.com
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