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May 7, 2025

AUD/USD Price Forecast: Reverses Trend Near 0.6450 Support Level

The AUD/USD currency pair has halted its three-day winning streak, trading around 0.6480 during European hours on Wednesday. Technical analysis indicates a persistent bullish bias as the pair continues to operate within the ascending channel pattern. Investors should consider the potential implications of these patterns, as they could inform short-term trading strategies. Monitoring global economic factors will be essential as the dynamics continue to evolve in this trading environment.

AUD/USD Price Trends

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