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AUDUSD Weekly Analysis – August 5, 2023

AUDUSD has been trading in a sideways range between 0.6170 and 0.7157 for several weeks. The sideways movement is likely a consolidation phase within the long-term downtrend from 0.8006. As long as the resistance of the falling trend line on the weekly chart holds, there is an expectation for the downside move to resume. A … Continue reading "AUDUSD Weekly Analysis – August 5, 2023"... Read More
Posted: Aug 5 2023, 03:55
Author Name: forexcycle
Views: 022282

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