AUD/USD tests 1.7703, 7-week low, and bounces above 1.7750

After falling around 120 pips from 0.7823, intra-day high in the early Asian session, AUD/USD has found support at the May 26 minimum and fresh 7-week low at 0.7703. from this level, Aussie has begun to recover from initial losses to trade above 0.7750. Currently pair is trading around 0.7750/60, 0.40% below today's opening price, after posting 0.7760.


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