AUD/USD Breaks Down the March Rising Trendline

Retreat: The AUD/USD has been bullish since finding support at 1.0114 on 3/1. Recently I noted that the current rally has the 2013-highs in sight, but the market is saying “not so fast.” The 4H chart shows the market retreating after failing to break above the 1.05 handle, and is now falling below a…

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AUD/USD Breaks Down the March Rising Trendline

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