My last prediction came true. At the beginning of the month, the price dropped from the resistance line 0.785. And I came to the support zone of 0.771. I expect new growth for the following reasons: 1 - strong support line for August 2020 2 - strong support line in December 2015 3 - Correction after a sharp collapse. The target is 0.787.
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I've been waiting for you to analyze this currency pair for a long time! Thank you for doing this! Of course, there will be growth, the support line speaks about it! From April 14, it repels the price, and this time the movement will be repeated! Is the next step downward reversal?
UnknownUnicorn15614419
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This channel really looks very strong, besides, as you correctly pointed out, there is also this strong line of support. I think that the price has every chance of growth, as it was at the beginning of April, for example. I will wait for the price movement with you.
TradingAlchemist
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can you please tell me if baseline retail sales index in us is important? will it greatly influence us, wait for data or can trade?
Lingrid
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The overall weakness in the US dollar helps AUDUSD stay in positive territory.
And the focus is shifting to retail sales and industrial production data from the United States.