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Analysis

Chart of the Day: AUD/USD

Intraday, the AUDUSD set up a double top (which is currently playing out) but the tweezer top daily candles and a possible break below the .7630 level could expose a move back to the .7420 August highs.

Daily RSI is divergent which is a stern warning for the bulls.

We should also note the multiyear Fibonacci retracement (38.2%) is also at .7630 (not pictured).

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