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Australian Dollar Forecast

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by , 05-01-2022 at 09:39 PM (375 Views)
      
   
The Australian Dollar underperformed against the US Dollar last week despite a hotter-than-expected local CPI report. Could an RBA rate hike revive AUD/USD bulls?

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The weekly price is on strong bearish breakdown: the price broker Ichimoku cloud to below for the primary bearish reversal for testing 0.6966 support level for the bearish trend to be continuing or for the ranging condition to be started.

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