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KQMarkets

AUDUSD - Short - Continued Downside Potential

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
KQMarkets  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Support and Resistance Fibonacci Beyond Technical Analysis AUDUSD short
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supportandresistance fibonacci beyondta audusd short
We still see AUDUSD moving lower despite the FED emergency 50 bps rate cut due to the continued impact of the coronavirus and it's impact on China. This is despite the RBA cutting 25bps in comparison such is the reliance on China and exports for the Australian economy we expect the currency pair to target 0.64 in the coming trading sessions.
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