Australian Dollar declines due to increased risk aversion, awaits US Services PMI
The Australian Dollar declines following the soft Purchasing Managers Index data release on Monday. Australia Composite PMI fell to 49.9 in July from 50.2 in June, with Services PMI decreasing to 50.4 from 51.8. The US Dollar lost ground as recent downbeat employment data boosted expectations of a Fed rate cut in September.
BUY AUDUSD now zone 0.64300-0.64100
↠ Stoploss 0.63900
→ Take Profit 1 0.64600
→ Take Profit 2 0.65300
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