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AUD/USD Outlook (12th February 2019)

Dollar Australien/Dollar Américain (FX:AUDUSD)  
JinDao_Tai  
FX:AUDUSD   Dollar Australien/Dollar Américain
Trend Analysis Forex macro technical trend AUDUSD
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trendanalysis forex macro technical trend audusd
  • AUD/USD moving towards support level
  • Tentative deal reached to avoid US government shutdown

Price Movement
Since yesterday, AUD/USD had moved down by around 30pips.

Trend
AUD/USD is currently on a downtrend.

Macro Background
No major economic data release.

Important Issue
U.S. congressional negotiators have reached a tentative deal to fund the government and avoid a future government shutdown. The passing of the deal will prevent those employees who were affected during the 35-day partial government shutdown from having to once again miss future paychecks.

Technical
Yesterday, AUD/USD bounced-off the key level of 0.71.
AUD/USD is currently moving towards the support level of 0.70548.

Price Levels
Current Price: 0.70749
Next Resistance: 0.71339
Next Support: 0.70548
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