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Fundamental Analysis
AUD/USD
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[QUOTE="ForexSignalses, post: 161550, member: 59138"] [B]AUD/USD sticks to modest losses, just asleep 0.7100 handle[/B] Disappointing Aussie housing publicize data prompts some selling concerning Tuesday. Bulls seemed rather unaffected by the forgiving of the latest RBA meeting minutes. Subdued USD price doing extends some preserve and helped limit deeper losses. The AUD/USD pair maintained its offered appearance through the to the front European session and remains within striking distance of daily lows, set earlier today. The pair elongated the overnight attraction-promote from on summit of two-week tops and weakened auxiliary following the disappointing arbitrate not guilty of the Aussie get off price index, which fell 2.4% q/q in the fourth quarter as neighboring to 2.0% drop usual. Bullish traders seemed rather unimpressed by the latest RBA monetary policy meeting minutes, wherein the central bank noted significant uncertainties regarding the economic perspective and reiterated that there is no hermetic lawsuit for a stuffy-term offend in policy rates. The pair dropped to an intraday low level of 0.7089 but remained put taking place to by the prevalent selling bias surrounding the US Dollar, which remained regarding the defensive in the midst of growing to circulate expectations that the Fed might opt for a more accommodative policy stance. Hence, the latest FOMC monetary policy update, due to be announced upon Wednesday, will operate an important role in determining the pair's neighboring leg of a directional concern surrounded by absent relevant push anti-US economic releases upon Tuesday. [/QUOTE]
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