In the morning macroeconomic data were published and it has influenced at Australian Dollar. CPI from Australia were worse than forecasts what contributed to weakness of AUD. There is a clear situation at AUDUSD.
Last week the price tested upper limit of bearish regression channel and it has rebounded. Today declines accelerated and price has reached to 0.7600. Right now small rebound may occur however it is likely that in a mid-term downward movement will be continue. Nearest goals for bears are located at: 0.7500, 0.7370.
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Time-frame D1
Time-frame W1
