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AUD/USD powerful rally threated

From an hourly perspective, the AUD/USD has reached its highest momentum reading of the last 20 days of trading.


Recent AUD/USD longs are speculative and likely vulnerable. Unless they are fed with comforting releases, a torrent of selling could very well ensue in the form of profit taking and/or forced liquidation.


With the fresh printed hourly MACD showing less acceleration, the prospect for a base building or correction in the near future looks to be quite realistic.


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