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Australian Dollar Outlook: Aussie Building Breakout- AUD/USD Levels

Australian Dollar Forecast: Aussie Rally Tempting a Turn?

Australian Dollar Forecast: Aussie Rally Tempting a Turn? 2020-12-21 18:00:00 Michael Boutros, Strategist Australian Dollar Technical Price Outlook: AUD/USD Weekly Trade Levels Australian Dollar technical trade level update - Weekly Chart AUD/USD breakout to fresh yearly highs stalls at Fibonacci resistance Aussie bulls look for breach above 7635 to mark resumption – key support at 7295 Advertisement The Australian Dollar rallied more than 4% against the US Dollar in December with AUD/USD turning from long-term Fibonacci resistance at multi-year highs last week. While the broader outlook remains constructive on the back of the recent breakout, the advance may be vulnerable heading into the close of the year as Aussie approaches uptrend resistance targets just higher. These are the updated targets and invalidation levels that matter on the AUD/USD weekly price chart heading into the clos

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