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Poor Commodity Prices Put Pressure on the RBA

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    With the AUD making some steady gains against the USD over the past few weeks, some may be tempted to predict a long term bullish resurgence for the pair. Whilst it is indeed true that in the short term the Aussie Dollar looks bullish, the recent remarks from RBA Governor Glenn Stevens are worth taking into account. In the coming week, the Reserve Bank of Australia will be making its important cash rate decision. As a result, much of the market will be moving cautiously ahead of the

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