TheNews

The Australian Dollar seesawed through the week, with an RBA rate hike and a blistering trade surplus. US Dollar strength keeps AUD/USD low, boosting the domestic economy.
The weekly price is on ranging near and aroud 200 SMA waiting for the direction of the bearish trend to be resumed in case the price breaks 0.6762 support to below or the bullish reversal to be started if the price breaks 0.7282 resistance level.

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