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AUD/USD: Bulls Remain in Play But Face Headwinds from 200DMA

AUD/USD: Bulls Remain in Play But Face Headwinds from 200DMA
The Australian dollar is keeping traction after Wednesday’s 1.7% advance (the biggest one-day rally since Nov 10) sparked by the news that China would resume coal imports from Australia. Strong rally on Wednesday came just ticks from Dec 13 three-month peak (0.6893) but bulls failed to sustain break above falling 200DMA (0.6847), which so far […] The post AUD/USD: Bulls Remain in Play But Face Headwinds from 200DMA appeared first on Action Forex... Read More
Posted: Jan 5 2023, 12:42
Author Name: actionforex
Views: 102571

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