Nick Nasad
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AUD/USD: With Break of Range to Upside, Short Term Rally Next?

Yesterday, I wrote about the very nice range in the AUD/USD and mentioned that we should watch which way the pair breaks as that would be a good clue to where the pair goes next.

With the break to the upside through 0.8950, the pair is putting in a bottoming action that could see a rally push first towards 0.9070 and then 0.9165.