AUDUSD lower on the day and back below its 200 hour moving average for the 2nd time today

The AUDUSD is facing selling pressure and has slipped below its 200-hour moving average at 0.67674 for the second time today.

Sellers are making their presence felt, and if the pair remains below the 200-hour MA, it could signal that the sellers have gained more control over the short-term direction.

Join us as we analyze the technical indicators and market dynamics to understand the potential implications for the AUDUSD.

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