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AUD/USD takes a light breather towards the end of the week but buyers well in control

It has been a storming run for AUD/USD ever since testing the 0.6500 mark as buyers have certainly not relented in the rebound to its highest levels since February this week. Here's a look at the daily chart:The pair is down 0.2% to 0.6869 at the moment but it isn't really hurting the technical breakout this week. Buyers have managed to do a lot since the break above the 100 (red line) and 200-day (blue line) moving averages, maintaining the more bullish bias since.The following break of the Apr... Read More

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Aud

Usd

Takes

Light

Breather

Towards

Week

Buyers

Well

Aud usd

Control

Forex

Posted: Jun 16 2023, 10:48

Author Name: forexlive

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