AUDUSD advanced during the Asian session, selling the rumor and buying the fact of price action following the Iranian attack on Israel over the weekend. However, the price returned to the downside in the last few hours of trading, which actually suggests that another retaliatory strike is lightly against Iran as a deterrent.
Technically, prices are moving back testing an oscillating zone between 0.6442 and 0.6455. A move below their level would increase sellers’ control.
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