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KQMarkets

AUDUSD - Still 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 are still short AUDUSD and we see the currency pair now consolidating below 0.66 due to the continued spread of the coronavirus. This is due to China being Australia's trading partner and a significant slowdown in the Chinese economy would further impact the Australia economy increasing the probability of the RBA cutting rates.
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