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AUD/USD – Corrective Above Major S/R Zone (Weekly chart)
After breaking through the major S/R zone between 0.7750-0.7850 back in July, bulls have already successfully defended this zone once on a pullback mid-August.
For now, I’m bullish MT while above 0.7750 on a weekly closing basis. This zone and corrective price action structure holding means a potential attack on 80.75 and if that resistance folds, 82.50 in extension.
Meanwhile, a weekly close below 0.7750 suggests likely unwinding towards 0.7500 or even 0.7350.
Ashtead Group PLC (AHT) – LT Corrective Structure Held + PBO Structure at ATH (Daily chart)
We covered this stock …