Although aussie edged higher to 1.0804 today and the rebound from last week’s low at 1.0537 may bring a stronger retracement of the fall from 1.1012 to 1.0830/35 (61.8% Fibonacci retracement of 1.1012 to 1.0537), renewed selling interest should emerge around 1.0875/80 and 1.0930/35 should hold, bring another decline later.
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