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AUD/USD Outlook (08 April 2020)

FX:AUDUSD   Australian Dollar / U.S. Dollar
Overall, AUD/USD is trending downwards. Recently, AUD/USD tested and rejected the resistance level of 0.61800.
Earlier today, Standard and Poor’s changed their outlook on Australia from stable to negative.
AUD/USD’s next support level is at 0.59000 and the next resistance level is at 0.61800.

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