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Gold has started a remarkable downside correction and stands on the key 23.6% retracement area after a failure to hold the 38.2% retracement area.
AUDJPY is moving to the resistance
Information is not investment advice
On the daily chart of AUDJPY, the MACD indicator has formed the bulllish divergence and the pair has risen. But the upward movement may be limited. The resistance is placed at 72.350. If the pair turns around, the support will lie at 71.30. If bulls are able to push the pair above 72.350, the next level to open longs is at 73.200.
Darya Bobrova
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