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flag AUD and NZD recover against USD as Fed signals possible rate cut in September.

flag The AUD/USD and NZD/USD currency pairs are recovering, with the AUD aiming to break above 0.6490 and the NZD targeting 0.5900. flag Federal Reserve Chair Jerome Powell hinted at a possible rate cut in September, increasing the market's expectation of a 25 basis point reduction. flag This has weakened the US dollar, especially after strong New Zealand retail sales data boosted the NZD. flag The AUD and NZD have risen after breaking above key trend lines, though significant resistance levels remain.

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