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Overall, AUD/USD is trending downwards. Recently, AUD/USD bounced off the resistance zone of 0.71700. The Australian Building Approvals m/m data (Actual: -1.6%, Forecast: 0.1%, Previous: 12.2% revised from 12.0%) released earlier today indicated a decline in the number of issued building approvals. AUD/USD’s next support zone is at 0.69800 and the next resistance zone is at 0.71700. Look for selling opportunities of AUD/USD.