The Australian Dollar bulls remain prepared to support the currency at the 0.9210 mark for now. However, with a key reversal candlestick pattern absent on the daily a recovery may be limited. This comes following the Hammer formation failing to receive confirmation from a successive up-day. Sellers are likely sitting at the psychologically-significant 0.9300 handle.
AUD/USD: Support Holds At 0.9210
A Harami pattern on the four hour chart is hinting at a bounce in intraday trade. However, again a recovery may be capped by selling pressure at the 0.9300 mark.
AUD/USD: Harami Pattern Hints At A Bounce In Intraday Trade
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