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AUD/USD: 'V-Bottom' pushing price higher

AUD/USD: 'V-Bottom' pushing price higher

Information is not investment advice

The pair has been rising since the last 'V-Bottom' was formed. Also, the market broke all the Moving Averages and there's no any reversal pattern so far. In this case, we should watch the next resistance at 0.7163 as an intraday target. The subsequent pullback from this level could lead to a downward correction in the direction of the previously tested support at 0.7097.

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