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Aud usd action forex

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aud usd action forex

The report showed Australian retail sales dipped 0. The news reinforced expectations of steady interest rates for months to come. In addition to the retail sales, the Australian Dollar continues to feel pressure from a drop in commodity prices, namely industrial metals like copper and iron ore.

The bearish news drove the Aussie lower because the Reserve Action of Australia is widely expected to hold rates at 1. Federal Reserve is poised to raise rates. This is helping to action the U. Dollar a more attractive investment.

The main trend is down according to the daily swing chart. The market is far from turning the main trend to up. As long as the Forex pair remains below this zone, there will be a strong downside usd. Based on the current price at. A sustained move under. A sustained move over. This could generate some intraday short-covering with the next targets coming in at. Watch the price action and read the aud flow at. This will tell us if the selling is getting stronger or if the buyers are coming back in to support the market.

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All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. FX Empire bears no responsibility for any trading losses you might incur as link result of using any data within the FX Empire. All Brokers Forex Commodities Indices Stocks Loading Home Markets News Forecasts Education Brokers Economic Aud Trading Signals.

Forex Commodities Indices Forex. Economic News Commodities News Forex News Opinions Brokers News. Expand Usd Knowledge Usd Education Advanced Education Live Webinars Financial Glossary Financial Podcasts. Signals Performance Days Trial Plan Monthly Subscription Usd 3-Months Subscription Plan Free Signals - Learn How Futures Forex. E-Mini Dow Forex Bank of America Corp. Technical Analysis The main trend is down according to the daily swing chart.

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aud usd action forex

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