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Source: FxPro Forex Broker(Review and Forex Rebates)

AUD/USD Intraday: the bias remains bullish.

Pivot: 0.7345

Most Likely Scenario: Long positions above 0.7345 with targets @ 0.7395 & 0.742 in extension.

Alternative scenario: Below 0.7345 look for further downside with 0.7325 & 0.73 as targets.

Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

AUD/USD Chart

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