AUD/USD analysis, August 29, 2022
On the 4hour candle chart
The AUD/USD currency pair faces the support area at 0.6886/0.6858 for the fourth time.
If the support area holds, it is likely that the rate could rise again towards the resistance levels at 0.6990 and 0.7136.
On the other hand, a potential breakout of the support area could lead the price to fall further towards 0.6785 and 0.6681.
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