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AUD/USD Outlook (12 October 2020)

FX:AUDUSD   Australian Dollar / U.S. Dollar
Overall, AUD/USD is ranging across. Recently, AUD/USD broke the resistance zone of 0.71700 after White House economic adviser Larry Kudlow announced that President Trump has approved a revised COVID-19 relief package, causing the market to go risk-on.

AUD/USD’s next support zone is at 0.71700 and the next resistance zone is at 0.73800.
Look for buying opportunities of AUD/USD.

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