FX:AUDUSD   Australian Dollar/U.S. Dollar
61 1 4
The rate hat retraced almost 38 % of its decline since 25th February but failed to retrace more. Thus it is now trying the downside again.
Trade closed: target reached: I am closing the position with little profit. There is no momentum developing and ForceFollower is right, of course.
AUD and USD have been equally strong recently, they're both neither weak nor strong. So, it can continue in a range for some time now.
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