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Author Archives: AUD Editor

AUD/USD dips below 0.78 as RBA jawbones the Aussie

AUD/USD dropped to a session low of 0.7792 after the Reserve Bank of Australia statement said the pick up in economic activity and inflation could be slower that the current forecasts due to the strong Aussie dollar. The central bank ...

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AUD/USD Remains Pressured Ahead Of RBA, NFP

Ahead of the Reserve Bank of Australia’s interest rate decision and monetary policy statement due to be released on Tuesday in Sydney, the Australian dollar continues to be weighed down against a still-rallying and recovering US dollar. Expectations for … ...

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AUDUSD Trading Setup

I have been monitoring the trading setup from last time. Price has dipped below the previous low. That is what I was looking for more or less. Today, there was a mother rejection candle that formed on the daily timeframe. ...

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AUDUSD Daily Analysis – Monday, Oct. 2

AUDUSD moves in a bearish price channel on the 4-hour chart and remains in the downtrend from 0.8102. As long as the channel resistance holds, the downtrend could be expected to continue and next target would be at the resistance-turned-support ...

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