Investors want to trade riskier, and dire economic and virus background doesn't stop that. The USD will testify.
AUD/USD: price consolidating under Moving Averages
Information is not investment advice
The market has been consolidating under the Moving Averages since the last 'V-Bottom' formed. Meanwhile, there's a bearish 'Thorn', so the price is likely going to reach the nearest support at 0.6947 in the near future. The subsequent pullback from this level could be a starting point for an upward correction towards the closest resistance between the levels 0.7014 - 0.7024.
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