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AUD/USD Forecast
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As the two global economic powers, US and China clash, risk aversion floods the markets. The US dollar inevitably rose up in value.
Leverage on the market. Get the latest insights on the sentiments of retail forex traders based on the Long : Short ratio of open positions.
Despite positive economic data from Australia, the AUD/USD was depressed under 0.7. The impact from the US China Trade Talks fall out is significant.
Leverage on the market. Get the latest insights on the sentiments of retail forex traders based on the Long : Short ratio of open positions.
The AUD/USD tested the strong sentiment and support region of 0.7 again as economic data disappoints. Next week may bring a rate cut.