AUDUSD Daily Analysis – August 29, 2023

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AUDUSD is currently experiencing a sideways consolidation within a trading range bounded by 0.6363 and 0.6487. As long as the resistance level at 0.6487 remains intact, the lateral price movement can be interpreted as a consolidation phase for the prior downtrend from 0.6894. A breakdown below the support level at 0.6363 could potentially trigger further … <a href="https://www.forexcycle.com/short-term-forex-analysis/136787-audusd-daily-analysis-august-29-2023.html">Continue reading<span> "AUDUSD Daily Analysis – August 29, 2023"</span></a>

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