AUD/USD Classical Technical Report 05.08
AUD/USD: Our bearish outlook in this market remains intact and we continue to project deeper setbacks over the coming days and weeks. A fresh lower top has now been confirmed by 1.0475 following the latest break below 1.0225 and from here, look for a break and weekly close back below 1.0225 to confirm bias and accelerate declines below parity. Ultimately, only back above 1.0475 negates.
--- Written by Joel Kruger, Technical Currency Strategist
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