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The Aussie saw early week strength that it couldn’t hold on to as risk aversion sentiment dominated once again.  Traders were basically in fear mode most of the week thanks to the severe coronavirus pandemic, and possibly on true negative Aussie sentiment as economic updates from Australia disappoints.

Overlay of AUD Pairs: 1-Hour Forex Chart
Overlay of AUD Pairs: 1-Hour Forex Chart
AUD Weekly Performance from MarketMilk
AUD Weekly Performance from MarketMilk

Australian Headlines and Economic data

Monday:

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Thursday:

Friday: