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AUD/USD: Sees Noisy Behavior Heading Into the Holidays
The AUD/USD engaged in a back-and-forth dance during Friday's trading session, reflecting the persisting erratic behavior that characterizes the market. Notably, the 200-Day Exponential Moving Average hovers in the vicinity, an indicator of considerable significance drawing attention from market participants. Amid this uncertainty, the market grapples with the conundrum of whether it will ascend or descend. The impending holiday season is unlikely to provide much clarity, as dwindling liquidity complicates the outlook. Consequently, traders are well-advised to focus on short-term charts and exercise restraint, ... (full story)