AUD/USD: Australian dollar dropped from 0.67500 to 0.66910
The Australian dollar has been attempting to break through a critical price point at 0.68050 since 8th of August 2019 and was fluctuating from 0.6850 to 0.67380, but the recovery attempt slipped in today's opening trading session as the Aussie dollar fell from 0.67500 to 0.66910 from time of reporting.
The U.S.-China Trade war has turned from bad to worse and is going to create lots of volatility in the Forex market. The Aussie dollar might attempt to head back up to retest its previous support at 0.67380 but that will depend on its ability to defend its current support at 0.66885. The Aussie dollar could continue south to 0.66280 if it fails at 0.66885
The U.S.-China Trade war has turned from bad to worse and is going to create lots of volatility in the Forex market. The Aussie dollar might attempt to head back up to retest its previous support at 0.67380 but that will depend on its ability to defend its current support at 0.66885. The Aussie dollar could continue south to 0.66280 if it fails at 0.66885
