I've been watching the AUDUSD pair for quite a while now as I attempt to lock in on its price structure and most probable outcomes. AUD should dominate USD for the forseeable future, however, we will look for new buyers near 0.653 soon. Maybe another rally initiates at the top of the year.
Comment:
The Aussie was looking bossy for a minute. May need more buyers, lower. If the drop comes in a capitulatory, instant sorta move, it'll probably jump like a bullet out of a gun.
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