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AUDUSD near to the 200-day moving average at H1 chart but still bearish

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The AUDUSD remains above the daily pivot point level of 0.9263, where the pair is trying to remain stable, despite the AUDUSD is below the 200 SMA.

If the Aussie manages to make a breakout on the resistance level of 0.9280, it is expected to rise to the level of 0.9291, where the 200 SMA is located. However, the AUDUSD could make a pullback at this level and fall again for strength the bearish bias

For now, the MACD indicator is entering negative territory and RSI is moving into positive territory.

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