AUD / USD remained close to the bottom of the session after the Ozzie fell to Lowe's comments earlier.
That said, the pair is only trading in a 19 pips range for now, so we can not talk about a strong downward impulse. As things look right now, the price now makes a test of support around 0.6965.
This will be the key tracking level today. For vendors, a confirmed break will allow moving to the bottom of the month around 0.6911-21 before we can expect a test of the round figure of 0.6900.
It is important to note that the pair is pointing to its 5th consecutive day in red, indicating a further decrease in buyers' sentiment after the last 200 MA breakthrough.
Nothing in general has changed since yesterday, as buyers still need a breakthrough over 0.7000 to be able to think of a new upward impulse. Otherwise, vendors remain in control and will try to lower prices in the coming sessions.
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