AUD/USD Forex Technical Analysis – Reaction to .7096 – 7020 Retracement Zone Determines Near-Term Direction

AUD/USD Forex Technical Analysis – Reaction to .7096 – 7020 Retracement Zone Determines Near-Term Direction

Weaker risk appetite has also weighed on the Aussie led by dour global economic data, fresh coronavirus restrictions in Europe and fading hopes of U.S. fiscal stimulus. The main trend is down according to the daily swing chart.

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