AUDUSD Price Analysis: Bears hold the fort at a 50% mean reversion – by fx_ross AUDUSD Technical Analysis
AUDUSD bears are still in play on the hourly chart while below the 50% mean reversion level with 0.6400 the figure eyed.is trading at 0.6430, flat on the day and within a range of 0.6422 and 0.6436 following a volatile day on Wednesday, suffering a blow on the back of a strong US dollar and yields that rallied due to a soft US Treasury auction. This comes ahead of the US inflation data that will be out today in the US session.
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