AUD/USD Price Forecast: Rejection near 100-day SMA supports prospects for deeper losses
The AUD/USD pair fails to capitalize on the previous day’s strong move-up to the 0.6700 neighborhood, or a two-week top and retreats from the vicinity of the 100-day Simple Moving Average (SMA) resistance. Spot prices extend the intraday descent through the first half of the European session on Friday and drop to the 0.6625-0.6620 region, or a fresh daily low amid a modest US Dollar (USD) strength.
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