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BofA: buy AUD/USD

Analysts at Bank of Ameria Merill Lynch entered a long AUD/USD position from $0.8990, with a stop at $0.8930, and a target at $0.9269.

"Further supportive of the bullish view is the potential for a short squeeze, as positioning remains at bearish extremes. Pullbacks should not break $0.8936 and can’t close below the 50-day at $0.8903," analysts add. 

Chart. Daily AUD/USD

 

AUD
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