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January 14, 2025

Is Wall Street Set to Rescue the ASX as EUR/AUD Reaches a Tipping Point

Last week, I noticed some intriguing patterns in the price action of EUR/AUD. A strong rally began after a false break of the June and October lows, leading to the formation of a bullish flag. This setup has fostered a sustained upward movement, indicating possible bullish sentiments in the near future. As we examine these signals, the interplay with Wall Street could play a crucial role in support for the ASX in the upcoming sessions. Investors should monitor these developments closely.

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