Wednesday, May 22, 2019
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AUD/USD 08aug18 | EconAlerts

Technical Analysis – AUD/USD remains in a sideways channel

AUD/USD remains in a sideways channel; bearish outlook in the medium-term. AUD/USD has been struggling within a consolidation area during the last seven weeks with upper boundary the 0.7475 resistance level and lower boundary the 18-month low of 0.7310. Furthermore, the pair successfully surpassed the 20- and 40-simple moving averages (SMAs) in

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