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AUDUSD bears to make way for bullish charge

Prices at present seem to be sitting at the bottom of a falling wedge formation, indicating that a move higher may be imminent as it reverts to the mean.

EARLIER this year in January, the AUDUSD currency pair was hit by the flash crash and plunged to its lowest levels since the global financial crisis. However, within the day, prices snapped back to normal levels and ushered in a bullish momentum which pushed the AUDUSD to the 0.7279 levels...

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