AUD/USD: Multiple Upside Rejections at 200DMA Keep the Downside at Risk

<p>Australian dollar edged lower on Tuesday, pushing towards the mid-point of near-term range (0.6595/0.6705) after 200DMA (0.6697) again capped upside attempts, fueled by improved Australian Jun consumer sentiment and business confidence data. Strong offers at 0.6700 zone keep the Aussie dollar pressured and define near-term consolidation range, with bearish technical picture on daily chart keeping […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/509464-aud-usd-multiple-upside-rejections-at-200dma-keep-the-downside-at-risk/">AUD/USD: Multiple Upside Rejections at 200DMA Keep the Downside at Risk</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>