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AUDUSD testing major resistance, watch for a bullish break!

Long
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
Tickmill Broker  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns AUDUSD aud USD audusdshort audusdforecast audusdlong audusdsignal audusdsell forexsignals
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trendanalysis harmonicpatterns chartpattern audusd aud usd audusdshort audusdforecast audusdlong audusdsignal audusdsell forexsignals
AUDUSD is testing major resistance at 0.7844 (23.6% Fibonacci retracement, horizontal overlap resistance, channel exit potential) and only a clean break above 0.7844 resistance could potentially open a move up to 0.7902 resistance (Fibonacci retracement, horizontal overlap resistance).

RSI (89) has made a bullish exit from our long term descending resistance-turned-support line signaling that a change in momentum to bullish could be expected.

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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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