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    Technical index AUD/USD PRICE CHART: WEEKLY TIME FRAME (OCTOBER 20

    The Australian Dollar faces a pivotal inflection point as AUD/USD price action rallies into a huge area of resistance. This technical barrier, which threatens to send AUD/USD recoiling back lower, is highlighted by a confluence of its 20-week moving average and 38.2% Fibonacci Retracement level of the January 2018 to March 2020 trading range.

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