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AUD/USD to Show Weakness Ahead?
The progress of the AUD/USD currency pair has been stalled significantly. The pair dropped from roughly 1.10 to below parity, thereafter, rebounding to a 1.06 level. However, currently the currency pair is having a hard time of appreciating as plenty of resistance can be noted. The AUD/USD currency pair is hovering below pivotal moving averages. The 20-period, the 50-period, and 100-period Simple moving averages are all above the currency pair. In the matter of fact, the AUD/USD currency pair is nearly breaching the 200-period simple moving average. A break below a 1.04 level could further put the AUD/USD currency ... (full story)