AUD/USD: Bears to Stay Intact While Upticks Limited Under Strong Barriers at 0.7000/29

The AUDUSD edges higher from new 22-month low (0.6910) on Tuesday, as US dollar bulls lose pace and traders partially take profit after pair’s 4.2% loss in past three days. Overall picture remains bearish, as larger downtrend from 2022 peak at 0.7661 made a textbook correction (0.7029/0.7265) capped by 100DMA and near Fibo 38.2% of […]

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