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Australian Dollar Forecast

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by , 05-15-2022 at 03:54 PM (462 Views)
The Australian Dollar fell, extending losses this past week. Will a jobs report revive some strength for AUD/USD? Technical and sentiment analysis seems to hint otherwise.

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Daily price is located far below Ichimoku cloud in the bearish area of the chart. The price is on secondary ranging within 0.6828/0.6967 support/resistance levels waiting for the direction of the strong bearish trend to be resumed or the secondary bear market rally to be started.


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