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(MENAFN - DailyFX) AUDUSD, AUDJPY and AUDNZD Technical Forecast Talking Points:
AUDUSD put in for a 1.1 percent advance this past week putting the benchmark market in striking distance of 2021 highs
A larger structural bull trend is going through a period of congestion which awaits a clear break between 0.7820 and 0.7560 for AUDUSD
AUDJPY is more highly tuned to risk trends with a new two-year high facing heavy Fib resistance while AUDNZD deals with congestion
Technical Forecast for Australian Dollar : Bullish
AUDUSD Rebound Solid but Shy of Two-Month Range Top
With risk appetite under bullish power this past week though the participation in that rally was uneven across different assets the Australian Dollar was in a good position to take advantage of the tail wind. The currency gained across most of its major crosses with AUDUSD making something significant out of a hold at the very end of the past week of the post-Pandemic recovery trendline ....

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