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The aussie elation yesterday proves short-lived

The aussie elation yesterday proves short-lived
The Australian dollar got a double boost in trading yesterday but that is ultimately proving to be short-lived as the currency declines further again today. Against the dollar, AUD/USD traded to a high of 0.6846 yesterday but is now down nearly 100 pips from there to 0.6747 currently.From a technical standpoint, yesterday's gains were nothing significant as key resistance in the pair continues to sit closer towards the June highs near 0.6900. That was what helped to stop the strong push higher e... Read More
Posted: Jul 21 2023, 08:27
Author Name: forexlive
Views: 080956

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