AUDUSD Bounces Back Into Daily Cloud, Following Yesterday’s Close In Red

Aussie managed to pare some losses of yesterday’s bearish acceleration that extended today to 0.7317 session low, where bounce commenced. Near-term structure remains weak after yesterday’s failure to hold in daily cloud, as fresh weakness closed well below cloud base and also closed below 0.7335 (Fibo 61.8% of 0.7143/0.7645 ascend)

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