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Back Fundamental analysis
AUD/USD. Why the Aussie is Strengthening: Three Key Factors
The Australian dollar in the pair
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The Australian dollar in the pair with the American currency shows remarkable stress resilience, enabling AUD/USD buyers to open long positions on dips. After a sharp price drop to 0.6947 (the initial reaction to the outbreak of war in the Middle East), the pair recovered and stabilized within the 70 figure. On Tuesday, the Aussie is already approaching this year's price highs, overcoming the resistance level of 0.7110 (the upper line of the Bollinger Bands indicator on the four-hour chart).
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Irina Manzenko,
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