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- AUD/USD Price Analysis: Bulls have committed at a key weekly support and 61.8% golden ratio
AUD/USD Price Analysis: Bulls have committed at a key weekly support and 61.8% golden ratio
- AUD/USD bulls are protecting a key hourly support area.
- The bulls are also driving up from a 61.8% ratio on the weekly chart.
As per the prior analysis from the New York session, AUD/USD Price Analysis: Bulls are correcting into a critical area of resistance, the Aussie has indeed moved higher and even through the initial layer of the resistance zone as per the following analysis:
AUD/USD daily chart
The price is meeting offers in current trade, as per the H1 chart below:
The bulls are committing to the 50% mean revision area and going by the weekly chart, there could some upside ahead for the remainder of the week and beyond:
AUD/USD weekly chart
The price has been established at weekly support and the 61.8% ratio so this could equate to a follow though for the bulls and the foreseeable future.
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