AUDUSD trades within its key channel (.7500 Resistance/.73350 Support) this month after retreating from key resistance. The last breakout above this channel was around the first of this year following U.S elections. After it current retreat, I will wait for confirmation of a weekly/daily close above this level to go long due to dollar weakness and uncertainty in U.S politics. The dollar index is currently trending below 97.50 which indicate further depreciation.
Lets see how the dice will roll...
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