Risk aversion on growing concerns about inflation and slowdown of global growth continues to drive the Aussie dollar lower, after recovery attempts on Wednesday were strongly rejected above 0.70 level, now reverted to strong resistance. Fresh weakness hit the lowest since June 2020 on Thursday, pressuring the top of monthly Ichimoku cloud (0.6822) which could […]
The post AUD/USD: Aussie Posts New Multi-Month Low on Dominating Risk-off Mode appeared first on Action Forex.
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