EUR/AUD edged higher to 1.5704 but quickly retreated. Initial bias stays neutral this week for consolidations. Deeper decline cannot be ruled out. But downside should be contained by 55 day EMA (now at 1.5150) to bring rebound. On the upside, break of 1.5704 will resume the rally from 1.4281. In the bigger picture, a medium […]
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