AUD/USD H4 chart /source: forexfactory.com
AUD/USD rose gradually in last December, but it turned to bearish trend since the begin of new year. The uncertainty of the global economy effected this this trend, I think. Because the Australian Dollar refects the need of the raw materials and the prices of them.
Chinese market experienced the circuit brakers two times last week, and it showed the uncertainty of the global economy and the world situation as well as Chinese economy. The prices of raw materials are under the bearish trend and it may be natural that AUD/USD goes too.
But nobody can speak that AUD/USD goes toward bearish continously. Whenever it down, the desire of the return from investors up.
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