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The Australian Dollar experienced a sharp decline against the US Dollar, dropping over 1.02% to become the biggest loser among major currencies. The move unfolded after the pair failed to overcome resistance at its 100-hour moving average near 0.7116 during the Asia-Pacific session. Strong selling pressure subsequently broke key intermediate support levels, including the 50% Fibonacci retracement at 0.70795 and the 100-day moving average at 0.70737, triggering an accelerated downside movement.
