AUDUSD

Technically the Aussie looks oversold. AUDUSD shows a nice level from which it could pop back to the ~0.85/0.8625 level.


Aussie also reached a support level against the Kiwi:


The Aussie's decline is fundamentally congruent with the beaten down commodities (oil, silver).

If the trend persists and the dollar keeps strengthening the next level and chance for a AUDUSD long will be around 0.7720.

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