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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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AUD/USD surpassed resistance, potential further rise!

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Price surpassed its resistance and we expect to see a further rise to its next resistance at 0.7012.

Entry : 0.6987

Why it's good : key resistance turned support, horizontal pullback support

Stop Loss : 0.6959

Why it's good : 38.2% Fibonacci retracement, horizontal swing low support

Take Profit : 0.6625

Why it's good : 23.6% & 38.2% Fibonacci retracement, horizontal pullback support

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The material has been provided by InstaForex Company - www.instaforex.com