The price of the Australian dollar against the US dollar is currently on the H4 chart around the support level. The price has been moving in a slightly uptrend since breaking the descending trend channel, which we see thanks to the creation of new higher highs and lows. Not only based on these facts, we think that now there may be a rebound from the support level and the short-term trend line, and there may be a rise to the resistance level, which is also near the upper rising trend line.
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