AUD/USD Downside Price Action

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AUD/USD is holding lower ground near 0.6950 as sellers keep reins following softer Chinese CPI and PPI data.

Markets remain risk-averse ahead of US inflation, which is crucial for the Fed's next rate hike move.

Short term outlook - Further Price depreciation - Pending important economic data.

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أغلقت الصفقة: تم الوصول للهدف

Price fell from recent resistance area to support area on the Daily chart.