We see AUDUSD moving lower whilst it is below key resistance at around 0.7 despite the currency pair upward momentum on the back of hope of post coronavirus global economic recovery. The recent stock market pullback and potential cuts by the RBA as well ad renewed tension with China could put downward pressure on AUDUSD.
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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.