ted the day with the back foot, falling to 0.7056. The subsequent attempts to regain the upside were rejected by sellers around the mentioned threshold.
The pair is also neutral in the 4-hour chart, hovering around its 20 SMA and between the 100 and 200 SMA, all of them flat. Technical indicators, in the meantime, head nowhere within neutral levels. The pair needs to clear the weekly high at 0.7125 to gather upward strength, while bears may take over on a break below 0.7045.View Live Chart for the AUD/USD
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Source: News Formal (newsformal.com)