On the AUDUSD daily chart we see a strong bounce from 0.7400-0.7450 zone and is back above 100 SMA and we expect a bounce to at least 0.7600 and possible extension to 0.7700 which is range high where we could see a break out or another range move. This range is narrowing and the break is near. With the FED interest rate decision next week and a greater probability of no rate hike this could be a bullish break.
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