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AUDUSD broke resistance area; Likely to rise to 0.73000

AUDUSD recently broke the resistance area lying between the key resistance level 0.71900 (former support from the start of September) and the 38.2% Fibonacci correction of the previous downward impulse from the end of August. Given the growing Australian dollar sentiment seen across the currency markets today – AUDUSD is likely to rise further toward the next resistance level 0.73000 (top of the previous medium-term corrective wave (2)).

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