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Forex: AUD/USD found support at 1.0210

Following a 75 pips decline, the AUD/USD found support at the 1.0210 where the pair bounced to trade at the 1.0235 level. Currently the Aussie is trading at 1.0230, just above MA 200 hours line.

As for technical view, MACD, CCI and Momentum are bearish while the Stochastic is bullish in the 1-hour chart. Trend is slightly bearish according to the FXstreet.com Forex Studies. Next resistance is at 1.0235, ahead 1.0250 and 1.0260. On the downside, supports are at 1.0210, 1.0200 and 1.0180.

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