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Reverse head and shoulder on audusd

FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend: The long-term trend for AUD/USD is currently bullish, as the pair has been trading in an uptrend since early 2020. However, in the short-term, the pair has been trading in a sideways range between 0.75 and 0.80.

Support and Resistance Levels: The key support level for AUD/USD is around 0.75, while the key resistance level is around 0.80. If the pair breaks below the support level, it could signal a bearish trend reversal, while a break above the resistance level could lead to a continuation of the bullish trend.

Moving Averages: The 50-day and 200-day moving averages are currently above the current price of AUD/USD, which indicates a bullish bias in the long-term.

Relative Strength Index (RSI): The RSI is currently around 50, indicating that the pair is neither oversold nor overbought.

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