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Good day forex traders and koalas.
In the previous AUD/USD forecast we noted a bearish momentum and the support region of 1.0230. The Australian economy seems to be entering a flat of sorts and it may be a while before we see a continued pickup.
Looking at the AUD/USD daily chart above we noted that the 1.0230 held as a support for now. I love it when my support line works! Considering how the currency pair starts the new week, any continued bullish action will need to face the resistance region of 1.0360. 1.0230 remains the lower support followed by 1.0150.
continue on to TheGeekKnows.com for the fundamental analysis of the AUD/USD Forecast Weekly Review to understand more about the underlying market sentiments.
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