The AUD/USD price forecast is currently facing immediate contention at the 200-day SMA. This means that the Australian dollar and US dollar exchange rate is encountering resistance at the 200-day Simple Moving Average. This is an important technical indicator that traders are closely watching. The outcome of this contention will likely impact the direction of the currency pair in the near future. Investors should keep a close eye on how the AUD/USD exchange rate reacts to this key level.
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