The AUDUSD experienced a sharp decline today after the RBA’s decision to keep rates unchanged. As a result, the currency pair is currently testing the swing lows observed in both June and July. A breach below these levels would be significant, as it could lead to testing another crucial swing area on the daily chart.
In this video, we closely monitor the AUDUSD’s price action and discuss the implications of the RBA’s decision and its impact on the pair’s movements. Stay informed with our analysis to make well-informed trading decisions in the dynamic forex market.
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