Australian Dollar / U.S. Dollar

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Australian Dollar / U.S. Dollar forum


AUD/USD DTF Time Frame – Technical & Fundamental Analysis

Technical Outlook:
On the daily time frame, AUD/USD has been consolidating after a strong bearish move that drove price down to the 0.59000 level. Following this, significant buying pressure led to a breakout above the anticipated major key resistance at 0.63500.

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Snapshot




AUDUSD Approaching Resistance level of 0.6429 identified at 4/23 09:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 0.6429 within the next 13 hours.