📊TECHNICAL ANALYSIS ON 24-HOUR TIMEFRAME
Recently, AUDUSD broke above the important psychological and technical level of 0.65 and the pair has reached a high at 0.67. A normal correction followed and the pair dropped and tested the broken level. Yesterday's close brings us a bullish engulfing candlestick pattern which could indicate the final of correction and the start of a new leg up. I'm bullish AudUsd as long as 0.65 remains intact on the daily close basis and the pair could reach 0.69 resistance in the medium term.
📊QUICK FUNDAMENTAL LOOK
Dollar declined in European trade on Thursday against a basket of major rivals away from three-week highs on track for the first loss in four days on active profit-taking. Such losses come ahead of US unemployment claims data later today, which will provide clues on the health of the US labor sector.
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