AUD USD failed to break the strong support level

AUD/USD Analysis : 

AUD/USD touched this support level price 0.6670 for 3 times ( Jul 2019, Oct 2019, Feb 2020 ).

Market struggled more to break the support level. AUD got weaker continuously from January.

RBA Governor Philip Lowe considered corona virus to have a larger negative impact on the Australian economy.

Because, Most of the products are imported from China to Australia.

This was the main reason AUD got weaker continuously on previous month.

However, Traders find 0.6670 as a strong support zone for buying AUD/USD

We can expect upward movement from this price level.

Save your Money, Energy, Time on Analyzing the market.

Please do not trade forex market all the time, trade forex only at good opportunities available in the market.

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Regards,
Forexgdp Team.

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