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AUDUSD making wedge

AUDUSD was down on Monday after testing the high level of 0.6687 in the last weekly trading session as The Australian dollar steadied around $0.659 on Monday after a sharp 1.4% drop in the previous session as China’s latest stimulus announcements fell short of market expectations. On Friday, China announced a 10 trillion yuan debt package aimed at easing local government financing and supporting weak economic growth, but stopped short of unveiling direct economic stimulus. Concerns about the potential global impact of a Donald Trump presidency, particularly on China, are once again in focus for investors.