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AUDUSD Might Spike Up At Channel Bottom

Discussion in 'Technical Analysis' started by Kaitlin, Apr 4, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The AUD pair is heavily correlated to Iron ore as the world's largest iron ore exporter. Recently Iron ore price has spiked up and that happened after China announced huge infrastructure investments (they will import Iron ore heavily) so that might be good for AUD currency. The pair showed good[​IMG]

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