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AUD/USD remains firmly in red and pressuring key support at 0.6170 (2022 low) after a brief recovery was repeatedly rejected above falling 20DMA and formed a double bull-trap on daily chart. Bearish daily studies maintain downside pressure, though further headwinds in this zone should be anticipated as indicators are entering oversold territory. On the longer […]

The post AUD/USD: Bears Pressure Key Support as Markets Await Release of US Labor Report appeared first on Action Forex.

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31/05/2024

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