AUDUSD: Channel Down aiming higher.

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AUDUSD is neutral on its 1D technical outlook (RSI = 53.946, MACD = 0.004, ADX = 53.336) trading between the 1D MA200 and 1D MA50. It is now on the middle (0.5 Fibonacci level) of the long term Channel Down and every bullish wave touched at least the 0.236 Fib. The trade is long, TP = 0.66200.

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