The $AUDUSD has been experiencing some extreme volatility lately, as it rallies to test the area between 0.67 and 0.68 levels.
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This range has previously been a significant consolidation range, making it an important level to watch. The Australian dollar is often considered a risk currency, meaning that investors tend to move towards it in times of “risk on appetite” and away from it whenWith the global economy experiencing a lot of uncertainty at the moment, it is understandable that the Australian dollar is struggling.
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