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December 11, 2024

AUD/USD Primed for Break Below 0.6350 According to Experts

Analysts at UOB Group indicate that the Australian Dollar (AUD) might weaken further. Current market conditions are deeply oversold. For a more significant decline to occur, the AUD must break and hold below the 0.6350 mark. Until this level is breached convincingly, traders are cautious about initiating aggressive bearish positions.

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