The AUDUSD trend condition is unchanged and remains bearish - recent gains appear to be a correction. Key support and the bear trigger at 0.6365, the Aug 17 low, has recently been pierced. A clear break of this level would confirm a resumption of the downtrend and open 0.6272, the Nov 3 2022 low. Key short-term resistance has been defined at 0.6522, the Aug 30 and Sep 1 high. A break would signal a reversal.
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President Biden, South Korean President Yoon Suk Yeol, and Japanese Prime Minister Fumio Kishida are shortly due to conduct a joint press conference following the conclusion of their historic trilateral summit at Camp David, Maryland.