The Australian dollar was pushed up. This pair has found strong resistance at the level of 1.04. This is a massive resistance area, below this level there is the daily fractal of 1.0386. We expect a reversal of the pair, at least to the level of fractal next to 1.0307 and if the downward pressure continues, we expect the bearish wave takes to a minimum of 1.0230, which is very strong support on daily charts. On the other hand, the MACD indicator is overbought signal giving a bearish movement for the next few hours.
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