Talking Points AUD/USD Technical Strategy: Sidelines PreferredPiercing Line Near 0.8660 Awaiting ConfirmationClose Over 0.8815 Ceiling Needed To Suggest A Base AUD/USD’s sharp rebound from the 0.8660 floor has generated a Piercing Line candlestick pattern. Yet with strong selling pressure overhead the potential for the reversal pattern to generate a genuine shift in sentiment may be limited. A daily close over the 0.8815 hurdle would be required to suggest a base ...
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