AUD/USD Forecast: Bears take advantage of fear

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AUD/USD Forecast: Bears take advantage of fear
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Aussie is under pressure around the 0.7100 level, bearish signs hint at another leg south AUD AUDUSD $AUD $AUDUSD

hints at further declines. The pair is currently piercing a bullish 20 SMA after meeting sellers for a third consecutive day around a flat 100 SMA. Technical indicators offer sharply bearish slopes, with the Momentum still above its midline but the RSI already at around 46.

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