USDAUD has been trading in a well-defined uptrending channel since September. It is now seeing buyers step in once again after a pullback to the bottom of the channel (just above the 50-day ). Consider taking a long position in the USDAUD now, using a stop loss at 1.254 (just below the 50-day ). Look for a move to multi-year highs in the next 1-2 months to around the 1.35 level.
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