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MACD indicator has recently witnessed a centreline crossover to trade into positive zone, further validating the above stance. The key technical obstacle is situated at the 0.7780 level, followed by the 0.7810 and 0.7850 levels. A break and stability above the latter might reverse the main trend to bullish. Conversely, support is located at the 0.7720 level, a breach below which might trigger further weakness in the pair, targeting the next supports at the 0.7700 and psychological 0.7640 levels.…
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AUDUSD UP TREND
AUDUSD UP TREND
Nextmoth levels showing first support level for AUDUSD around 0.7700 zone, where as long as market holding above this zone more advance still on hand toward target 0.7820 below 0.7840 more drop may hit market where second support laying around 0.7780 which in turn may activate the uptrend wave again toward 0.7950