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AUDUSD Technical Analysis

On the daily chart below for AUDUSD, we can see that the price action remains choppy as the uncertainty prevails in the market. The US economic data keeps giving recessionary vibes with the US retail sales missing expectations across the board and giving the USD a boost the last Friday. This move higher in the US Dollar though is fading today. It’s a push and pull between buyers and sellers and none of them has a high conviction in what’s next. The resistance at 0.6781 coupled with the 38.2% Fib... Read More

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Audusd

Technical

Analysis

Forex

Posted: Apr 18 2023, 11:18

Author Name: forexlive

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