Sat, Feb 07, 2026 03:08 GMT
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    AUD/USD Bearish Bias

    The Australian Dollar declined by 120 pips or 1.84% against the US Dollar on Tuesday. The currency pair breached the 50-, 100– and 200– hour SMAs during yesterday’s trading session.

    Most likely, the exchange rate will continue to edge lower during the following trading session. A breakout could occur through the lower boundary of an ascending channel pattern.

    However, if the ascending channel pattern holds, bullish traders could pressure the price higher within this session.

    Dukascopy Swiss FX Group
    Dukascopy Swiss FX Grouphttp://www.dukascopy.com/
    This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

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