AUD/USD: Basing formation negated by Sean Lee

Contrarians had been hoping that an inverted H&S might develop on the short-term charts but the break below .7720 has now negated this possibility.

With USD/JPY having seemingly found a fresh lease of life, USD bulls might remain in the ascendency for a few more sessions which will bring the recent Aussie lows near .7625 back into view.

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