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Being contained by 1.0225 support, AUDUSD rebounded from 1.0246, suggesting that a cycle bottom has been formed on 4-hour chart. Further rise to test 1.0463 key resistance would likely be seen, a break above this level will signal completion of the downtrend from 1.0855. However, as long as 1.0463 level holds, the price action from 1.0225 is treated as consolidation of the downtrend, and one more fall to 1.0000 is still possible after consolidation.
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