The Australian Dollar rose during early trading in London Wednesday as markets responded to the latest retail sales report from down under, which showed consumer spending rebounding from an earlier…
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The exchange rate is in an established uptrend but it has now met firm resistance overhead from the 200-week moving average (MA) which is capping further gains.
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The Australian Dollar could be owed a rebound in the forthcoming week, according to strategists at Commonwealth Bank of Australia, as month and quarter-end hedging activity among institutional mone…
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The Australian Dollar has remained on the back foot this week despite a broad rebound in risk assets, but one strategist at Societe Generale says the currency looks like a good buy for speculators …
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The Australian Dollar is expected to drift lower toward the bottom of its recent range over coming months, according to strategists at Bank of America Merrill Lynch, although developments in t…
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The Pound-to-Australian Dollar rate is in a steep uptrend which is likely to continue after forming a reliable continuation pattern during the previous week.
Read more … →The AUD/USD is currently looking vulnerable to long-term weakness both from a fundamental perspective and from a technical perspective.
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