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Forex Chart Of The Day: AUDUSD Could Price Retest 0.6700?
video Recently the USD strength has slipped due to the recent announcement of the Fed slowing down the rate in which they tighten. Not only this but recently the Major State owned banks in China have sold USD to help the weakening Yuan. If this continues the AUDUSD price could continue to move higher. This was also reflected by the strength meter which showed the USD reversing from the highs. chart The price of AUDUSD is in a downward trend on the weekly chart. Price is making lower lows and lower highs however, the price has recently found support at the 0.6200 level. This level was met by buyers which saw the ... (full story)