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AUD/USD survives latest attempt to break below key support level, at least for the moment

AUD/USD survives latest attempt to break below key support level, at least for the moment

The pair has been caught in a bit of a ping pong range for a while now, holding in between its 100 (red line) and 200-day (blue line) moving averages. After the softer US CPI data seven days ago, buyers were interested to run towards the latter but ultimately that failed as the dollar held its ground following a more hawkish Fed and a selloff in equities.

The BOJ surprise earlier today saw stocks come under further... Read More

Posted: Dec 20 2022, 12:00
Author Name: forexlive
Views: 102378

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