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AUD/USD holds early advance today but still respecting key levels in the big picture
After a setback from the softer Australia CPI data yesterday, the aussie currency is recovering well today as it is up 0.6% against the dollar to 0.6800 currently. The rebound comes off a softer dollar but is also helped by yet another move to defend the yuan by Chinese authorities this week.The gains so far today are quite decent but looking at the daily chart, it is keeping within key technical levels that we have seen so far this month.The 200-day moving average (blue line) helped to also lim...
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Posted: Jul 27 2023, 07:17
Author Name: forexlive
Views: 080855