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FxWirePro: AUD/USD struggles at 0.77 handle, bias higher

Monday, November 7, 2016 6:12 AM UTC

AUD/USD upside fails to gain traction, upside struggles at 0.77 handle.
Technicals still hold bullish bias, bullish invalidation only below 20-DMA at 0.7628.
Spinning top and Doji formation seen on daily charts, signifies market indecision.
Major support levels - 0.7668 (5-DMA), 0.7652 (Nov 4 low), 0.7628 (20-DMA)
Major resistance levels - 0.77, 0.7725 (trendline), 0.7734 (Oct 20 high)
We had advised a long in our previous call (http://www.econotimes.com/FxWirePro-AUD-USD-upside-stalls-shy-of-077-handle-bias-higher-good-to-long-dips-384633).

Recommend holding for targets.

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FxWirePro: AUD/USD struggles at 0.77 handle, bias higher

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