AUDUSD Outlook

After the impulse move to the resistance above, the price couldn't break to the upside and so a retracement started. From the indication, it will have to retrace to the 0.50 Fibonacci zone and then move upward to continue the uptrend. So there is a potential LONG position. However, given the HIGH ECONOMIC NEWS (CPI) that will be available tomorrow, i would be very careful trading this pair as the market could become volatile.


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