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AUD/USD Outlook: Declining Toward 0.6950 Ahead of RBA Statement

Bulls on the AUD/USD pair pause following a two-day rise that has recently slowed. The US dollar declined despite worries about a recession, conflicting statistics, and geopolitical issues. In the charts, the price is experiencing resistance from the 30-SMA. After a 2-day rally, the AUD/USD outlook shows a halt in bulls. The price has dropped … Continued
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