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AUD/USD: Big triangle breakout could lead to short-term strength

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 20, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Crowded dollar longs are under a bit of pressure early in today’s US session as yesterday’s FOMC minutes left just enough ambiguity to keep traders guessing on whether the Fed will raise interest rates in December. Frankly, anyone who was expecting a clear signal from the notoriously opaque and non-committal central bank was barking up the wrong tree. Readers should remember that the October FOMC meeting took place before last month’s big NFP reading, which likely ameliorated some

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