The prices of AUD/USD have clearly risen during recent trading sessions, reaching extremely important and pivotal levels. In the event of further upward movement and a breach of the neckline levels of the cup and handle pattern around 0.6675, with a close above it, there will be a strong buying opportunity with initial targets reaching 0.6720. However, if the price remains below these levels, the most likely scenario is a decline and selling.
Technical Analysis of AUD/USD
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