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It's been a tough week for the aussie

On the week itself, the pair is down roughly a little over 1% with the momentum from yesterday's drop carrying over to today. The souring in the risk mood yesterday was a main drag for the aussie as well but the extension of the fall today looks to be more technical related I would say:The pair saw a decent bounce off the 200-day moving average (blue line) on Monday but failed to really build on that. And the break of the key level via yesterday's close is a signal for further downside. Adding t... Read More

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It

Been

Tough

Week

Aussie

Forex

Posted: Jul 28 2023, 09:29

Author Name: forexlive

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