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Salzworth

Bullish outlook on AUDUSD: 8 February 2023

Long
Australian Dollar / U.S. Dollar (FOREXCOM:AUDUSD)  
Salzworth  
FOREXCOM:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns USD AUDUSD audusdlong audusdbullish Forex forexsignals forextrading
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trendanalysis harmonicpatterns chartpattern usd audusd audusdlong audusdbullish forex forexsignals forextrading
Prices have broken above a key resistance zone at 0.6980 on the H1 timeframe. A throwback to this level, which coincides with the 38.2% FIbonacci retracement, could provide the bullish acceleration to the next resistance zone at 0.7050, which is in line with the 61.8% FIbonacci retracement. Prices are lying above the Ichimoku Cloud as well, supporting our bullish bias.
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