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AUD/USD Outlook (30th August 2019)

Australian Dollar / U.S. Dollar (FX:AUDUSD)  
JinDao_Tai  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Forex macro technical trend AUDUSD
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trendanalysis forex macro technical trend audusd
Overall, AUD/USD is trending downwards. Recently, AUD/USD has been ranging across.

The Australian housing data released this morning was worse than forecasted, leading to the weakening of the Australian dollar.
  • Building Approvals m/m (Actual: -9.7%, Forecast: 0.0%, Previous: -0.8% revised from -1.2%)

Currently, AUD/USD is testing the support level of 0.67000 and its next resistance level is at 0.68800.
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