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AUDUSD comes off the boil and corrects lower today

The AUDUSD is coming off of the boil that saw the price move sharply to the upside over the last few trading days. That move to the upside saw the pair test the 61.8% retracement of the 2023 trading range at 0.68899. The price also moved up to test the high price from June 2023 at 0.68989. The high price today reached 0.6894 between those 2 levels and could not go any further. That has led to buyers turning to sellers as we head into the weekend.What next?Looking at the hourly chart below, going... Read More

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Posted: Jul 14 2023, 16:33

Author Name: forexlive

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