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AUD Facing Volatility in the Week Ahead

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The Australian Dollar started the week strongly as a general sentiment swing against the USD occurred. However, the latter part of the week turned torrid for the pair as an uptick in the US Preliminary GDP to 1.0% caught markets by surprise and saw the AUD falling sharply to close the week lower at 0.7122. In addition, the AU Hourly Earnings figures, a measure of wage inflation, also slipped lower to 0.5% q/q, adding to the pain. The week ahead is likely to be a busy one for the Australian

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