Tue, Nov 19, 2024 @ 12:34 GMT
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AUD/USD Bears Could Prevail

Dukascopy Swiss FX Group
By Dukascopy Swiss FX Group

The Australian Dollar plummeted by 108 pips or 1.40% against the US Dollar on Wednesday. The AUD/USD exchange rate breached the 0.7600 level during yesterday’s trading session.

The currency exchange rate could continue to edge lower within the following trading session. Bearish traders might target the 0.7560 area today.

However, bearish traders could encounter the weekly support level at 0.7600 during Thursday’s trading 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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