The AUDUSD moved lower in the Asia-Pacific session after weaker core inflation in Australia tamed some of the fears of a rate hike next week when the Reserve Bank of Australia meets. The subsequent low price extended to a swing area between 0.6475 and 0.6486 where buyers entered (see red number circles on the chart below). More recently, the US employment cost data as helped to push the dollar lower (the AUDUSD back higher) and we've seen a snapback rally in the AUDUSD back toward the broken 61.8% retracement of the move up from the April low at 0.65283. If the price can now move above that level - and stay above - will have traders looking toward the cluster of technical levels including th
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