The currency of Australia has recently given off a lot of previously achieved increases. The declines are perfectly consistent with the downward trend prevailing on this currency. You can see it well on the cross with Yen. The daily chart shows that the price from the end of last year exactly respects the edge of the bearish channel. The ongoing decline movement is a reflection from the upper edge and once again from the resistance zone in the area of 84.30, which demand was not able to break, despite repeated attempts. Currently, the test for this year’s lows is being applied. It seems that in the technical system that we see on D1, descent lower can mean further decreases, e.g. in the area of the bottom edge of the channel.
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