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Signs point to fading bullish momentum for AUDUSD



AFTER a golden cross that confirmed an uptrend for AUDUSD, there are now signs that the bullish momentum is fading for the pair. In the medium term, we hold the view that AUDUSD may stage a trend reversal to the downside. However, in the immediate short term, signs are showing that the pair will have a small rebound or consolidation around its current range, before resuming its broader downtrend.



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