A bearish AUD/USD ends up bullish as positive sentiment floods the market due to optimism for a US China trade deal and a Brexit deal.
AUD/USD Forecast
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The US Dollar weakens as disappointing economic data resulted in the increased speculation of another interest rate cut by the US Federal Reserve.
Uncertainty lies ahead as the RBA Cash Rate event is due early next week. US China Trade War continues to influence sentiment.
Both the AUD/USD and EUR/USD dips as risk appetite recedes. The week ahead will be crucial as many economic events are to be expected.
The AUD/USD continues to climb as the tensions of the US China Trade War gets a break. Price action is likely to be sentimental in nature.
The AUD saw a return of bullish momentum as China reports positive economic data. The US China Trade War continues to influence the market sentiment.