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Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist 
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FxWirePro: AUD/USD dips below lower range, bearish bias increases 
AUD/USD chart - Trading View
AUD/USD was trading 0.11% lower on the day at 0.7170 at around 05:58 GMT.
The major remains depressed below 0.72 handle, has reversed from yearly-highs at 0.7275.
Major trend is bullish. Upside fails at 200W MA. Further, pullbacks likely on account of bearish divergence.
On the downside, 21-EMA offers strong support at 0.7147. Weakness only on break below.
Upside resumption only on break above 200W MA. Next major bull target lies at 78.6% Fib at 0.7573.
