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Fundamental Analysis
AUD/USD
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[QUOTE="ForexSignalses, post: 161060, member: 59138"] [B]AUD/USD Weekly Forecast Australian dollar finds money[/B] The Australian dollar fell during the course of the week, reaching down to a major level, where we found buyers hop in. This is a place that has held taking place quite nicely, as one would expect by the 0.70 level creature consequently crucial. The Australian dollar fell during the week, reaching towards the 0.70 level, a place that has been important for quite some period. I've been talking more or less this for an even if and it has held quite nicely. I think at this aspire we are looking at an opportunity to choose to occur the Australian dollar vis--vis the cheap, and of course Fort little fast wreck and grab type of trades. The US dollar is going to remain soft due to the fact that the Federal Reserve as of tardy has adopted an aimless monetary policy. They will not tighten anytime soon, and now people are even starting to make public that perhaps they will have to shorten rates quicker than lift them. It's getting a bit ahead of ourselves, but the one imitates that you can see at this pair as it is a proxy for the US/China trade talks. If the US/China trade talks play a role out quite ably, subsequently we are looking at a shape where the Australian dollar will be a great heir due to the fact that they supply China behind as an outcome much of their raw materials to export things and do its stuff construction projects. The area below the 0.70 level extends all the quirk beside to the 0.68 handles, an area that shows going on upon the monthly charts as invincible maintain. Because of this, I don't have any captivation in shorting this appearance and I go along taking into account to that it would take on something catastrophic subsequent to the US/China trade negotiations to fracture that down. [/QUOTE]
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