AUDUSD continues to fall with many disadvantages
Updated
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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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