AUDUSD Daily Analysis - Friday, Aug. 25

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AUDUSD has successfully breached the descending trend line on the 4-hour chart, marking the initiation of an uptrend from the 0.6363 level.

Anticipated in the coming days is a continuation of the upward trajectory, with the next significant target lying around the 0.6600 zone.

Support in the immediate term is situated at 0.6400. It’s worth noting that a break beneath this level would potentially instigate another descent, possibly towards the 0.6300 mark.


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Disclaimer: Futures, options, stocks, ETFs and over the counter foreign exchange products may involve substantial risk and may not be suitable for all investors. Leverage can work against you as ...

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