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December 9, 2024

AUD/USD Forecast: Bullish Reversal on the Horizon?

The AUD/USD pair finds itself at a temporary support level, moving up towards 0.6420 in Monday’s trading session after establishing a new four-month low at 0.6370. The minor rebound reflects traders’ anticipation of the Reserve Bank of Australia’s upcoming monetary policy decision, scheduled for Tuesday. Investors should approach this situation carefully as they weigh the possibility of a bullish reversal amidst the current market atmosphere.

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