Negative Data Affecting The Aussi.

The Aussi has faced a downward trend between the resistance line 0.7337 and the support line 0.7289, which reflects the decline of the Australian dollar against the rise of the US dollar. In addition, the reason behind this fall is the negative data released by The Australian Bureau of Statistics about the unemployment rate that has decreased than the expected percentage by 0.4% and the change in employment rate that has decreased than the expected data by 3.7k points. Therefore, the pair is expected to continue its downward trend and break the first support line 0.7299 to reach the second support line 0.7289, on the other hand, if the pair rises, it will breach the first resistance line 0.731 to reach the second support line 0.7315 then the third support line 0.7323