The AUD/USD price forecast indicates a new upside target at the 200-day SMA. This suggests a potential upward movement in the near future for the currency pair. The 200-day SMA is a significant technical indicator that traders use to gauge the overall trend of an asset. Keeping an eye on this level can help investors make informed decisions about their trading strategies. It will be interesting to see how the AUD/USD pair reacts when it reaches this target.
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