AUDUSD remains in the downtrend from 0.7314, the bounce from 0.7202 is likely consolidation for the downtrend.
AUDUSD remains in the downtrend from 0.7314, the bounce from 0.7202 is likely consolidation for the downtrend.
Further decline is still possible after the consolidation and a breakdown below 0.7202 support could take the price to 0.7150 area.
Resistance is at 0.7250, as long as this level holds, the downtrend will continue.
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