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- AUD/USD bulls are moving in and eye upside extension.
- The inverse head and shoulders are a bullish feature on the charts.
AUD/USD was boosted on a dovish Federal Reserve Chairman Jerome Powell on Friday. There is a preference for a pause in June from the Chair of the central bank which has outweighed any other hawkish notes from regional Fed presidents. This has enabled the Aussie to correct higher vs. the Greenback of late as the following technical analysis illustrates:
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