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AUD/USD Sells Off, Remains Vulnerable

Published 02/01/2018, 11:35 AM
Updated 07/09/2023, 06:32 AM

AUD/USD looks to weaken further after selling off during Thursday trading session. On the downside, support resides at the 0.7950 level where a breach will aim at the 0.7900 level. Below that level will set the stage for a run at the 0.7850 level with a cut through here targeting further downside pressure towards the 0.7800 level. On the upside, resistance lies at the 0.8050 level. A cut through here will turn attention to the 0.8100 level and then the 0.8150 level where a violation will set the stage for a retarget of the 0.8200 level. On the whole, AUD/USD faces further bear threats.
Daily AUD/USD

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