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Forex pairs in this Article » AUD/USD
FXstreet.com (Barcelona) - After bottoming below the 1.0550 region, the Aussie dollar has managed to pick up pace and partly recover from its decline.

"Consumer Confidence ticked higher in January on the Westpac monthly survey. It rose 0.6%. This follows a -4.1% fall in December and a 5.2% rise in November so is essentially flat through the past three months", explains analyst Adrian Foster at Rabobank.

AUDUSD is down just 0.01% at 1.0563 as of writing.
The next support levels line up at 1.0494 (low Jan.10) followed by 1.0462 (MA21d) en route to 1.0442 (hourly high/low Jan.4).
On the flip side, a breakout of 1.0570 (high Jan.15) would open the door to 1.0578 (high Jan.14) and then 1.0599 (high Jan.10).
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