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AUDUSD H1: Bullish outlook seen, further upside above 0.6550

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Dollar Australia / Dollar AS (FOREXCOM:AUDUSD)  
T3-Consultancy  
FOREXCOM:AUDUSD   Dollar Australia / Dollar AS
Trend Analysis Harmonic Patterns Chart Patterns DJ FXCM Index AUDUSD audusdlong audusdbullish Forex forexsignals forextrading
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trendanalysis harmonicpatterns chartpattern usdollar audusd audusdlong audusdbullish forex forexsignals forextrading
Price is testing a key resistance zone at 0.6550 on the H1 timeframe, which is in line with the 38.2% Fibonacci retracement. A break above this upside confirmation level could provide the bullish acceleration to the resistance zone at 0.6620, which coincides with the 78.6% Fibonacci retracement. Price is holding above 20 EMA, supporting our bullish bias.
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