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AUD/USD just below 0.7200: How can you ignore this chart?


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What a turnaround

Double bottom with a false breakdown. Really impressive turnaround today. We should probably wait until the close to say anything definitive but that’s an impressive-looking candle.

At the moment, there’s an epic battle going on at 0.7199, where it’s sat for the past 15 minutes and is just chewing through orders.

Update: And it’s finally through.
ForexLive

               

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