AUDUSD extends higher and enters swing area resistance area. Can momentum continue? ...Middle East

On the downside, immediate support is seen at 0.6274. This level holds significance as it served as a swing low on January 27 and a swing high on January 28. Additionally, in today’s trading, the corrective pullback after the initial upside move stalled at this level, further emphasizing its importance in the short term from a technical perspective.

This article was written by Greg Michalowski at www.forexlive.com.

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