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AUD/USD Technical Analysis: overnight upsurge has already run out of steam

   •  The pair has been corrective from 100-day SMA alongside a descending trend-channel formation on 1-hourly chart. 
   •  A convincing break would negate a bullish flag chart pattern and expose 200-hour SMA, sub-0.7600 level. 
   •  Reviving USD demand might continue to keep a lid on any meaningful up-move ahead of US ISM non-manufacturing PMI.

AUD/USD 1-hourly chart



Spot Rate:  0.7618
Daily High:  0.7656
Trend: turning bearish again

Resistance
R1:  0.7643 (23.6% Fibonacci retracement level) 
R2:  0.7669 (100-day SMA)
R3:  0.7701 (round figure mark and 200-day SMA)

Support
S1:  0.7583 (S1 daily pivot-point)
S2:  0.7568 (200-hour SMA)
S3:  0.7539 (20-day SMA)

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