AUD/USD – All Coiled Up Between Converging Trendlines

Coiling: The AUD/USD fell into fresh lows for the week last Friday even after a positive NFP which usually boosts risk and AUD/USD. Still, we can’t say that the AUD/USD is bearish yet, at least when looking at the 4H chart. Despite the failure to truly clear the 1.0395-1.0410 resistance area, the…

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AUD/USD – All Coiled Up Between Converging Trendlines