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AUD/USD looks resigned to test the March and April lows again

The only thing really working in the aussie's favour right now is basically the fact that risk sentiment is still holding more positively in recent sessions. Otherwise, there's a myriad of factors working against the currency right now.The softer jobs data earlier reinforces the narrative for the RBA to hold the cash rate unchangedThe dollar is catching a tailwind as the Fed may indeed keep rates higher for longerThe technical outlook shows price topping again at the 100-day moving average (red... Read More

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Aud

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April

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Posted: May 18 2023, 08:11

Author Name: forexlive

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