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In the previous AUD/USD forecast we noted that the currency pair attempted a bullish run. It tried to achieve a foot hold at 0.7850 but failed.
It had since eased down back towards 0.76. As mentioned previously if 0.755 failed to hold, we might be looking at further bearish momentum. We would need to observe the currency pair carefully.
Technical Analysis
Looking at the AUD/USD weekly chart above we note that the currency pair tested the support region of 0.7600. It ended the week bullish.