The pair has now corrected almost all the downwards movement of the 3rd of November, building a double floor at 0.8913 dollars per Australian dollar. In the daily candles chart we can see how we're near a new year high at 0.9322. On the other hand, on the one hour candles chart we can see how 0.93 is the last resistance before the head and shoulders pattern, formed between the 20th and 23rd of October, is broken. If this resistance is not broken, the price still has potential to test again the strength of the upwards trend.

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