AUD/USD analysis: Upward momentum halted with upside bias

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AUD/USD analysis: Upward momentum halted with upside bias

In the mid-term, the resistance level at 0.7231 is holding buyers at bay. However, with price above 14, 50, and 100 MA, there is upside bias.

Over the long-term, higher directional movement and greater activity is expected, predictive is up as a result. In conclusion, flow direction is up. Greater activity presage a higher movement, with 3 days net flow at 5. The market ended in non-balanced manner. With increase in volatility, it means more market opportunities. With value area range increasing and total TPO increasing compared to previous day, data points to upside bias.

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