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November 22, 2024

AUD/USD Recovers Near 0.6500 as Dollar Retreats

The AUD/USD pair has shown resilience by bouncing back to near the psychological level of 0.6500 during the European session on Friday. This recovery comes as the US Dollar gave up a significant portion of its intraday gains after reaching a two-year high. The Australian Dollar has displayed strength, reflecting a shift in market dynamics. Investors are now keen to see whether this trend will continue as market sentiments adjust. Analysts are closely monitoring trading ranges and potential support levels, waiting to see if the AUD can maintain its recovery.

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