AUD/USD Bullish Momentum Clearly Accumulating Above 0.7000 on July 23

AUDUSD0.22%
According to StoneX senior market analyst Matt Simpson, Australian dollar bullish momentum against the U.S. dollar is "obviously accumulating" on July 23, with AUD/USD returning above the 0.7000 level following a recent consolidation phase. The analyst noted that a significant wave low has formed on the four-hour chart.
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