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AUD/USD remained in consolidation below 0.7146 last week with unchanged technical outlook. Key support at 0.6896 remains intact, while a breakout above 0.7146 could trigger a resumption of the larger uptrend toward 0.7213. The 100% Fibonacci projection from the 0.5913 to 0.6706 range suggests potential for further gains if bullish momentum accelerates. This development is critical for forex traders monitoring cross-currency flows and risk-on sentiment in global markets.
