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AUD/USD Technical Analysis: Aussie trading near monthly lows sub 0.7200 figure

AUD/USD 30-minute chart

  • AUD/USD broke below the 200-period simple moving average. 
  • AUD/USD is set to lose momentum as a break below 0.7151 would open the doors to 0.7120 and 0.7060 support. 
  • A break above 0.7250 might invalidate the bearish bias.

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