With surging iron ore prices and failure of the stimulus package to cause a dent, the Aussie is high likely to continue souring higher to 2018 highs of 0.8000-0.8120. Correction is due as the pair dangles in an overbought zone. But then again, 2020 and 2020 has proved that nothing is set in stone, the Aussie disrespected technical analysis countless times in 2020. Apply strict rules and caution trading this pair.
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