AUD/USD is under the pressure of risks

Despite attempts of the US dollar’s reduce, the AUD/USD pair remains in a downward trend and remains under the pressure from risks, maintaining the potential for a decline in the exacerbation of trading tensions and a slowdown in the Australian economy. Growth in market volatility and ambiguous sentiment is limited by the downward trend.

Deals for the sale of the AUD/USD pair should be considered on the resumption of the decline and the break through of support 0.6870-50.

Resistance levels are located near the upper boundary of the downward channel: 0.6900 and 0.6920. Support levels and goals are located at marks: 0.6800 and 0.6770.

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Hanzenko Anton

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Earn with the help of the trade service on the news Erste News!

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