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AUD/USD – A Counter-trend Trade Plan As Bull Market Stalls

posted by Avatar FXTimes 105 days ago in USD, AUD, Technical made popular 105 days ago

The AUD/USD started the week giving back last Friday’s gains. However, after the RBA meeting revealed that it left rates unchanged at 4.25% instead of the expected cut to 4.00%, the market bid up the AUD/USD, pushing it beyond 1.0800. It has since found resistance just below 1.0845. The market is trading sideways again, in a slight congestion as...
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