AUD/USD – Settles Back at 1.04

In the last couple of weeks, the Australian dollar has broken through the resistance level at 1.04 and moved higher within reach of the 1.05 level and then been turned away with excessive selling around that level (evident on the 4 hourly chart below). To finish last week, the AUD/USD eased back…

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AUD/USD – Settles Back at 1.04

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