AUD longs accumulate ahead of key event risk

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 2, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Since Monday we’ve seen the Aussie stumble over two big figures, climbing further towards the overbought levels according to its relative strength (RSI) over a 14-day period. Today’s domestic GDP data more than appeased expectations with the economy growing 0.9% in the third quarter, or 2.5% on year. Digging a little deeper it’s particularly positive in light of the strong growth in both resource and services exports, in part, courtesy of the lower exchange rate. So with a couple of good data

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