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AUD Nears Its Reversal Point

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Aug 4, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    After largely shrugging off the 25bps cut to the Australian Cash Rate and remaining bullish, the Aussie Dollar is likely moving into the final stages of itsrestrictive acceding triangle trend. Consequently, there could be a bumpy few sessions instore for the pair as it bounces between the converging upper and[​IMG]

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