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AUDUSD recently reversed up from the key round support level 0.70000 (former strong resistance from June), intersecting with the lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from June. Given the strong bullish AUD sentiment seen across the FX markets today – AUDUSD is likely to rise further toward the next resistance level 0.72000 (target price for the completion of the active corrective wave 2)
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