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What levels to watch for in AUD/USD ahead of the RBA?

The aussie got a decent lift yesterday but the gains weren't too significant as topside was capped by the 200-day moving average (blue line). After the rejection there, we are seeing price fall back now towards the 100-day moving average (red line) at 0.6692 while also keeping below both the 100 and 200-hour moving averages.That suggests sellers are still in near-term control and a break back below the 100-day moving average will see the downside pressure resume for the pair. The next key suppor... Read More

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Posted: Aug 1 2023, 04:17

Author Name: forexlive

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