Australian Dollar / U.S. Dollar

Short

AUD/USD:DOWNTREND|GARTLEY PATTERN|PRICE IS FALLING DOWN!

The AUD/USD pair failed to capitalize on Friday's rebound from multi-week peak lows after the NFP report and traded in a range on the first day of the new week. Against the backdrop of an upbeat US jobs report, a strong rise in US Treasury bond yields was a tailwind for the US dollar and limited the AUD/USD's upside potential.

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