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Pairs in Focus This Week – AUD/USD, USD/JPY, S&P 500, Oil, Silver, Gold, EUR/USD, ETH/USD
AUD/USD: The AUD/USD had a strong rally during the past trading week, surpassing the 0.68 level. It's likely to aim for the 0.69 level, a zone with prior resistance and the 200-Week EMA. Breaking above this could lead to a move towards 0.7150. The week's candlestick showed significant bullishness, and with growing attention on the possibility of the Federal Reserve reducing rates in 2024, it makes sense for the AUD to keep rising. Short-term setbacks may present buying opportunities, with support around 0.6650 and strong support at 0.65. The AUD is highly influenced by risk sentiment and global economic growth, given ... (full story)