Price Movement Since last Friday, AUD/USD moved down by around 30pips before gapping up by around 50pips due to the Australian federal elections over the weekend.
Trend AUD/USD is trending downwards.
Important Issue Over the weekend, Australia’s Prime Minister Scott Morrison led the Coalition to victory in the 2019 federal election, winning a third three-year term against the Labor opposition.
Technical AUD/USD is currently testing the 0.69 key level.
Price Levels Current Price: 0.69150 Next Resistance: 0.69573 Next Support: 0.68550