AUDUSD has reached a new 1-year low at 0.61791, and for now, we could see an upward move towards 0.625159. If we encounter another rejection at this level, further downside could follow. However, if price breaks above and holds above this level, a potential reversal may be in play.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.