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AUD/USD Technical Analysis – Channel Breakout

AUD/USD Technical Analysis – Channel Breakout

AUDUSD has given good consolidation up side break out .seeing a fresh 40-pips rally towards 0.7600 /0.7635 on RBA’s no-rate change decision. The RBA moved away from its patience guidance on inflation, predicting a further increase in inflation. The US dollar holds steady amid escalating Ukraine tensions. US ISM Services, Ukraine news in focus. Now it is immediate resistance of 0.7645 if it holds above this mark then we can seen next level of 0.7800 /0.7850 where as 0.7550 play a important role of support zone below this mark we can see some profit booking from higher level till 0.7400 mark