Just last week, AUD/USD was carrying bullish breakout potential as prices tested a key Fibonacci level at two-month highs. This price is at .7206, and this is the 76.4% retracement of the 2008-2011 major move in the pair; and more important than any theoretical justifications, this price helped to set support in the latter-portion of last year, and resistance in the early-portion of this year.


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