AUDUSD: Wash, rinse and repeat. ...Middle East

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Yesterday in the Asia/Pacific session, the price of the AUDUSD moved higher after the Aussie CPI data came in a touch higher than expectations at 3.5% versus 3.4% (YoY). That took the price of the AUDUSD above the high price from July and earlier this week at 0.67978. However after reaching 0.6812 on the momentum from the break,, but falling short of the next target at 0.6818 (61.8% retracement of the move down from the 2023 high to the 2023 low), buyers turned to sellers, and pushed the price back below the 0.6798 level. The break failed.As the trading day progressed yesterday, the price wandered to the downside reaching a low of 0.67638. That was just short of the 0.67604 swing level targe

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