Australian dollar AUD-USD weekly technical analysis

The Australian Dollar: is trading inside a negative downward channel due to the negative pressure of the downtrend, which is the upper leg of the descending channel, which represents a strong pressure resistance on the price. We expect a drop in prices this week within the channel from the current price of 0.7132 to the support level 0.6950 - 0.6910, and it is possible to buy from it with short-term goals. Traders are advised to maintain a suitable stop loss for all of their trades

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