AUD/USD moves back in line after start of the week plunge ...Middle East

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And despite all the volatility, AUD/USD is now roughly flat in August trading when accounting for the slight rise today. The pair was in a rough spot earlier on Monday as it briefly fell to its lowest since November last year. But from the daily chart, the April low held and we're seeing a double-bottom pattern set up right now.The rebound also sees buyers looking for a push towards the 50.0 Fib retracement level of the swing lower since July, seen at 0.6573. That will be a modest resistance point before the key daily moving averages come into play. The confluence of the latter is seen at 0.6593-00 currently.Those will pose some challenges to the upside bounce in the near-term for now.The RB

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