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AUDUSD eased below 0.6500 mark (cracked Fibo 61.8% of 0.6270/0.6871 rally) on Thursday, deflated by softer than expected China inflation data. Fresh weakness emerged after recovery attempts from 0.6468 (new 2024 low, posted on Feb 5) were repeatedly capped by 100DMA (0.6530), keeping the larger bearish technical picture intact. Daily moving averages remain in full […]

The post AUD/USD Outlook: Dips After Soft China CPI Data appeared first on Action Forex.

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02/05/2024

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