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AUD/USD looks towards 0.6500 again in latest downside break

This is definitely one that the chartists will adore as the pair has been somewhat consolidating in between 0.6600 and 0.6800 mostly in recent months, before the latest break lower. The upside momentum was held each and every time at the 100-day moving average (red line), while downside support was seen around 0.6570 (white line) for the most part.Then, came the latest break lower from yesterday and that is setting off technical alarm bells as the pair now looks poised for a test of 0.6500 again... Read More

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Content Topics

Aud

Usd

Looks

Towards

6500

Again

Latest

Downside

Break

Aud usd

0 6500

Forex

Posted: May 25 2023, 08:52

Author Name: forexlive

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