Forex Analysis : AUD/USD

Last week we said “beware the curse of the failed forex break, which could see a spike to 1.0200 then a subsequent pullback” and that’s exactly what happened, and could be repeated once again in coming hours of trade.

Trade View
• The week chart suggests it will not be long before a breakout above 1.0200 holds, but as was the case last week, we would not be surprised to see another brief dip from possibly just 1.0150-1.0160 this time down to somewhere between 1.0050 and parity.

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