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AUD/USD at lowest in two months as sellers look to retest lows for the year

That marks the lowest level for the pair since 2 June with the latest drop looking to take out the end-June and July low near 0.6600. The fall today owes to a softer risk mood mostly amid safety flows but it has been coming since the middle of last month already.The double-top near 0.6900 is being confirmed with the breaks of the 100 (red line) and 200-day (blue line) moving averages being solidified. That keeps up the more bearish momentum and with the drop below 0.6600, the next target will be... Read More

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Posted: Aug 2 2023, 09:43

Author Name: forexlive

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