Nial adds: "While a retracement is also consistent with the recovery in AUD/USD from the key support (1.0225/55 area), note that AUD remains quite mixed on the crosses. In this regard, we highlight the potential for a continuation of the base breakout in EUR/AUD. Note that we added to our long trade recommendation given this week’s pullback into key support near 1.2900/1.2875."
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