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AUD/USD bears seek a fresh YTD low: Asian Open – 14th August 2023
ASX 200 at a glance: • It was a very narrow-ranged week for the ASX 200, with a high to low range of just 0.9% and closing the week up just 0.2% • This reinforces our view that intraday traders ay be preferable until volatility picks up • However, a bullish outside candle formed on the 4-hour chart which held above trend support, so perhaps it will try to carve out a swing low today • 7340 and 7360 are potential resistance levels, support sits around 7320, 7307 and 7300 AUD/USD daily chart: I had been looking for a swing low to form on AUD/USD, although it now seems as though the market wants to at least test ... (full story)