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AUDUSD Intraday Analysis

AUDUSD (0.7179): The Australian dollar attempted to rally on the intraday, testing highs of 0.7264. However, price action reversed the gains and fell back to the support level of 0.7191. At the time of writing, the AUDUSD currency pair briefly tested below the support level. A confirmed breach of this support could potentially post a decline toward the 0.7022 support. However, we expect to see some consolidation taking place near the support ahead of further declines

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