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Singapore forex strategy – AUDUSD at resistance

Aussie edging closer to high of last month

<<AUDUSD H4: Waiting to see a big pattern formation>>

Last week, we saw Aussie going down in the first half of the week only to get supported and clearing the possible critical zone and found support on the shoulder.

This week it’s better to be cautious as price is closing to last month’s high and wait to see how price would react around that resistance.

Refer to the key support and resistance in the previous analysis. Click here

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