AUDUSD IS IN A FLAT MARKET

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Long-term outlook

AUDUSD is trading sideways.

Short-term outlook

AUDUSD is trading within a corrective bearish trend.

Main details

AUDUSD rebounded from 0.67000 but lost momentum and is heading lower now. The pair looks neutral within 0.67400–0.66800, and a breakout will suggest a further trend direction.

Possible outcome

Look for buying opportunities as long as AUDUSD is trading above 0.66400.

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