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Audusd yahoo
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The Australian dollar initially tried to rally during the trading session on Thursday but gave back gains rather quickly. But that being said, I think you also have a situation where you have to be cognizant of the fact that the issue that you have is the Australian dollar is so highly levered to the Chinese and of course, Asian economies overall that we have to pay attention to how things are going there. But certainly, Wall Street got ahead of itself as well as the many other major trading centers. The PCE numbers will come out and that will of course have a lot to do with where we go next. And with all of that being said, I think you have to look at the 0. I think that continues to be the case, and with the 0. If we do break down below the 0. This article was originally posted on FX Empire. Dow 30 38, Nasdaq 15,
Audusd yahoo
The Aussie dollar has initially tried to rally during the trading session on Monday but continues to see quite a bit of resistance just above as we gave back quite a bit of the gain. In general, we are consolidating and it does make quite a bit of sense that we would see this area offer quite a bit of noisy behavior. If we were to break down below the bottom of the range, though, that could open up a flush lower, perhaps down to the 0. If we were to break above the Day EMA, there might be a short-term run back to the 0. If we were to break above there, it would obviously be a very bullish turn of events and could be something akin to the idea that the US dollar trend is changing in general. In that environment, the US dollar typically does fairly well, so I think that will continue to cause a bit of pressure on this market. With that being said, I look to fade rallies as they occur. This article was originally posted on FX Empire. Dow 30 38, Nasdaq 15,
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After all, the market has gone straight up in the air for a while, and sooner or later, you have to come back down to earth. Gravity comes into play, and you get a pullback.
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