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AUD/USD Forecast: Global Economic Uncertainty Looms

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$AUDUSD Forecast: Global Economic Uncertainty Looms AUD Australia Trading Forex Money Profit Forecast

The crucial 0.65 support level has played a significant role in the market in the past. A break below this level could potentially lead to a further decline towards the 0.65 mark.

Moreover, concerns regarding deflation in China hold negative implications for the Australian dollar, considering China's significant role as Australia's largest commodity customer. Utilizing the daily chart as a guide, traders can look to shorter timeframes to identify potential entry and exit points.

 

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