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AUD/USD found some resistance a little above 0.7476 May 30 low near the 50-period simple moving avearge on the daily chart. The last AUD/USD 120-pip bull run was lead by some strength in gold (AUD is positively correlated to it) and USD weakness.

Now gold is weakening and USD is gaining some steam favoring AUD/USD bearish bias. If the bear pullback extends supports are likely seen near 0.7442 June 25 high and 0.7400 figure.

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