Guest Commentary: Long-term Cycles in AUD/USD are Bearish...But Not in the Short-term

DailyFX

Long-term cycles in AUD/USD are bearish but shorter cycles favoring the idea of another swing higher toward 1.0782, so traders may look to capitalize by buying a dip toward Fibonaacci support (1.0460). Only a break below 1.0319 would negate the short-term bullish view and threaten early resumption of the down move.

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