AUDUSD – Buying Dips close to the Marabuzo

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Monthly: We have broken the large Expanding Wedge formation to the downside. The whole move higher from the 2016 low (0.6827) has been and volatile, common in corrective formations. However, nearly all this month’s initial losses are being bought into. A false breakout? Weekly: Broke the wedge formation to the downside. Levels close to the 78.6% pullback level of 0.7104 (from 0.6823-0.8132)...