Technical Confluences for Trade:
- Stochastics are in Overbought Conditions on D1 time-frame
- Price action is at a Consolidation Zone
- Aiming for the 50% Fibo retracement to TP
Fundamental Confluences for Trade:
- US yield differential against AUD will support USD
- China's economy is still struggling to improve and dampening AUD's growth potential
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