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The AUD/USD pair is climbing towards 0.6552 on Monday. The Australian dollar is bouncing back from a 12-week low as investors await Australian inflation data. In the past two weeks, the AUD, in the currency pair with the USD, has fallen more than 3%. This happened amid a global sell-off in risky assets and also […]

The post AUD/USD Gains Amid Anticipation for Key Economic Data appeared first on Action Forex.

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14/12/2023

Technical Outlook and Review

DXY: The DXY (US Dollar Index) chart currently shows a bearish overall momentum, indicating a downward trend in the US dollar. Price could potentially continue this bearish movement towards the 1st support level. The 1st support at 102.46 is categorized as a swing low support, and it has historical significance as a level where buying […]
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EUR/USD Hits Support, Can It Bounce Back?

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