With a break above 1,06 last friday, the pair has shown renewed strengh and confirmed a possible bullish resumption.
The Aussie remains well bid and only a break below 1,06 would threaten the current strengh. In this event we might see a bearish resumption with a possible higher low formation as we now consider that the recent decline was probably a false break.
Next target to the upside is given by the former trendline support at 1,08.
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