Forex: AUD/USD Technical Analysis – Candle Setup Hints at Bounce
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- A bullish Morning Star candle pattern hints a move higher is ahead
- Breaking above resistance at 0.9170 (23.6% Fib ret.) targets 0.9282 (38.2% Fib ret.)
- Near-term support is at 0.8988, the December 6 swing low
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Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
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