Technical analysis: AUD/USD recovers, buyers defend 20-day SMA

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On the technical front, flat movements are noted as the Relative Strength Index (RSI) remains above 50 but flattened. Simultaneously, the Moving Average Convergence Divergence (MACD) lingers in negative territory with steady red bars. The upcoming sessions hinge on the buyers maintaining the AUD/USD pair above the 20-day Simple Moving Average (SMA), whose strong defense is currently casting a positive light on the pair’s future outlook.



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