AUDUSD is trending to the downside to start the week, prior to the USD Redbook Index, which is a sales weighted growth indicator. Technically the pair has broken key monthly levels, lies below the moving average ribbon, and a resistance trendline lies above. We are looking for continued downside to 0.7220.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.