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AUDUSD Intraday Analysis

AUDUSD (0.7241): The AUDUSD currency attempted to test the previous highs established near the upper resistance level of 0.7292. The AUD posted a modest high near the resistance level before closing weaker. The range within 0.7292 a 0.7191 remains likely to be maintained in the near term. In the short term, the lower support at 0.7191 could be tested in the near term. A close below this support will potentially extend the declines toward 0.7022.

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