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AUD/USD dropped to $0.9235

AUD/USD remains under bearish pressure on Wednesday, falling by more than 100 pips from the peak at $0.9355. Aussie droped on weak Australia employment data, released today.

The pair returned back below the 23.6% Fibonacci retracement ($0.9260) and broke below the hourly bullish Ichimoku (low at $0.9245). However, note that the pair is oversold on the hourly chart.

Support: $0.9235, $0.9215, $0.9200/9190, $0.9120

Resistance: $0.9300, $0.9355, $0.9400

Chart. H1 AUD/USD


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