The AUDUSD currency pair is currently experiencing limited movement within a confined trading range. Notably, there's a visible hesitation to drop below the 38.2% Fibonacci retracement level, which traces back to the rise starting from the low on November 10. This critical level is identified at 0.65552. Should the pair consistently trade below this threshold, it would signify an intensification of the bearish trend.Conversely, on the upper side of the range, resistance is being established by the convergence of the 200-day and 100-hour moving averages, located around 0.6674. For a shift in momentum favoring the buyers, sustaining a position above this resistance zone is crucial.This week is
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