AUD/USD: 4-hour


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Gather round Fibonacci fans, this one's for you! After it appeared to be making a run for parity, AUD/USD has now retraced and is currently finding tough resistance at the 61.8% Fib level. With Stochastic now crossing over, this could be a sweet time to load up on those short positions. On the other hand, if we see a candle close above the 61.8% Fib level, it may signal that a run up to 1.0300 handle is in play.