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Aussie: Rise and shine - FXStreet

FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet noted and said that the AUD/USD finally woke up.

Key Quotes:

“Reaching 0.8881 against the greenback, and holding now well above the 0.8820 support as a new day starts”.

“The latest slide may have to do partially with gold late slump, as the metal gave up most of its intraday gains in the latest hours”.

“Nevertheless, the pair maintains a bullish tone as per the breakout of its latest range”.

“Technically the 1 hour chart shows a positive tone with indicators now flat above their midlines and a strong bullish 20 SMA well below current price”.

“In the 4 hours chart the picture is quite similar, with price above a flat 20 SMA and indicators now lacking strength in positive territory”.

GBP/JPY shying away from daily highs

GBP/JPY is trading at 174.38, down -0.05% on the day, having posted a daily high at 174.55 and low at 174.37.
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