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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 approaching major support, prepare to buy

Price is approaching major support at 0.7560 (Fibonacci projection, Fibonacci retracement) where we expect a bounce up from towards 0.7652.

RSI (34) is above long term ascending support.

Buy above 0.7560. Stop loss at 0.7506. Take profit at 0.7652.

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