Australian Dollar snaps the winning streak on US Dollar recovery
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Today, the Australian dollar (AUD) ended its four-day rally due to the recovery of the US dollar (USD). However, the AUD has received support for its price increase, driven by strong commodity prices and ongoing conflicts in the Middle East.
Furthermore, from the analysis chart, the upward trend is still functioning very well with continuous price increases and no signs of any significant decline in the AUD that would put it in a precarious situation.
Today, the Australian dollar (AUD) ended its four-day rally due to the recovery of the US dollar (USD). However, the AUD has received support for its price increase, driven by strong commodity prices and ongoing conflicts in the Middle East.
Furthermore, from the analysis chart, the upward trend is still functioning very well with continuous price increases and no signs of any significant decline in the AUD that would put it in a precarious situation.
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