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AUDUSD recently broke the support zone located between the key support level 0.71250 (which reversed the price a few times in August) and the 38.2% Fibonacci correction of the previous upward impulse from the middle of June. Given the strongly bullish US dollar sentiment seen across the FX markets today – AUDUSD is likely to fall further toward the next round support level 0.70000 (likely price for the completion of the active short term impulse wave 1).
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