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On the H1 timeframe, AUD/USD looks to be in a bearish trend after experiencing a trend reversal earlier today. Despite being under bearish pressure, the pair is still holding above the kumo cloud with the current price at 0.68684. The stochastic indicator is showing a decline and has reached the 20 level, signaling a potential trend reversal due to being oversold. However, if the bearish pressure remains strong and dominant, it is likely that the bearish trend will continue. Traders need to watch for additional signals to validate the possibility of a trend reversal or continuation.
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