AUD/USD: A near-term basing formation may be in place

AUD/USD is in the process of forming a shortterm base. However, any recovery from here is expected to be short lived with a lower high likely beneath 1.0000. This is anticipated to be followed by a fresh swing lower to re-test the 0.9528 YTD low, beyond which targets the key 0.9388 2011 lo…

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