AUDUSD 6 Aug 2024

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AUDUSD – 6 Aug 2024

AUDUSD 6 Aug 2024

AUDUSD 6 Aug 2024 On the daily timeframe, AUDUSD is trying to rally back after a significant drop. The pair went bearish which brought the price down from 0.67836 to reach 0.64957 and is now below the kumo cloud. Referring to the stochastic indicator, the chart is showing strengthening and is rising towards the 80 level, signaling that the bullish trend might continue. However, traders must take into account other indications to ensure the continuation of this trend and avoid potential false signals that could affect their trading decisions.

August 6, 2024

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