AUDUSD is currently ranging between 0.8960 and 0.8830. If price break resistance at 0.8960 then next level where sellers would be looking to take it down is the supply level at 0.9040. Given the momentum we have seen today from the bottom of the range there are higher probabilities that price will break to the upside rather than making another leg down. If we look at Daily chart those green candles are showing lot of buying interest and considering that AUDUSD had a massive down move, it is very likely to have some reasonable retracement where sellers would be looking for discounted price to get in the down move once again.



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