$AUDUSD Continues to See Pressure
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The market is trying to determine whether it will break down below that level and continue to decline. Currently, the market appears to be a "fade to rally" type, making it difficult to become overly bullish on the Australian dollar. The currency is sensitive to economic news and global trade, and as a commodity currency, it is likely to face weaknesses in the future. After all, if the economy is slowing down, the demand for the Aussie will drop as a result, although it might be a slow process.
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