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Forex pairs in this Article » AUD/USD
FXstreet.com (Barcelona) - The AUDUSD has been declining for the majority of the day since peaking briefly at the 1.0421 level (daily maximum) earlier today during European trading. Having now established itself in negative territory, the pair is presently trading at 1.0385/87, testing calculated support.

"Holding above its key supports may help the price regain some upside momentum with the start of the week, however sideways fluctuation remains more likely this week. A clear break with stability below 1.0390 may extend the pair's losses towards the 200-day SMA at areas around 1.0290." warns the ICN.com analyst team.

The AUDUSD has continued its decline by -0.12% Monday after crumbling a sizable collapse to close the week. The pair will encounter supports at 1.0390, 1.0360, and 1.0335. On the ascension, the pair will face resistances at 1.0420, onto 1.0450 and finally 1.0500, calculates the ICN.com Analyst Team.
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