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AUD/USD Sets Up For A Short Squeeze

The Australian dollar has been one of the strong beneficiaries of the sentiment swing against the greenback over the past week. Subsequently, the AUD has been rampantly bullish which has seen its price action rallying within an ascending channel.However, overnight the pair has pulled back relatively sharply from a weekly high and might just be setting up for a short squeeze back towards the lower channel constraint in the coming days.A quick review of the pair’s charts demonstrate some interesti…
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