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Singapore Forex Analysis – AUDUSD might break new high, watch resistance at 0.9000

Resistance worth taking note of

Aussie could go up some more with the key resistance near 0.9000.

Possible scenarios

From the H4 chart it can be seen that the Aussie has gone up this week, breaking another resistance (Highlighted in Green). For a long position, it would ideal for price to retrace back to the resistance turned support. At the same time, this up move could be a WR of the resistance. Therefore, watch out for this level and proceed accordingly.

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