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At present, the Australian Dollar is experiencing downward pressure owing to a positive risk sentiment and the strength of the US Dollar (USD). Moreover, following the interest rate announcement by the Reserve Bank of Australia (RBA) on Tuesday, the currency pair has weakened.
If we examine the AUDUSD chart, it has now declined to 0.630 level with a potential further drop to 0.620 level.
At present, the Australian Dollar is experiencing downward pressure owing to a positive risk sentiment and the strength of the US Dollar (USD). Moreover, following the interest rate announcement by the Reserve Bank of Australia (RBA) on Tuesday, the currency pair has weakened.
If we examine the AUDUSD chart, it has now declined to 0.630 level with a potential further drop to 0.620 level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.