AUD/USD is now in the downtrend from 0.7302, the bounce from 0.7164 is likely corrective consolidation for the downtrend. Another fall could be expected after the consolidation and a breakdown below 0.7164 support could take the price to 0.7050 area. Resistance is at 0.7250, only a breakout of this level could trigger another bullish movement towards 0.7300.
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