Forex analytics and overview

Chart of the Day: AUD/USD

2023.01.12 08:43

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Forex Analytix

The is testing the confluence of the 78.6% Fib and the ascending channel’s T/L resistance ahead of the data tomorrow.

A dollar bearish outcome (lower than expected ) should produce a breakout higher for the pair with 0.7025 being the next upside target. Alternatively, a higher-than-expected number should produce a rejection and a move back to 0.67.

AUD/USD Daily Chart

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