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07.04.202004:59 Forex Analysis & Reviews: AUD/USD price movement for April 07, 2020

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 07.04.2020 analysis

AUD/USD is now forming a market maker buy model pattern since the 0.5987 level has already broken. There is a probability that this pair may overcome their nearest liquidity pool at 0.6215. As long as this pair does not retrace to 0.5981, it may move above 0.6215.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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