Possible sell coming up AUDUSD
The Australian dollar rallied a bit during the trading session on Thursday, reaching towards the 50day EMA which is rapidly reaching towards the market itself. With that being the case it’s likely that we will continue to roll over at the first signs of US dollar strength. Remember, the Australian dollar has gotten a bit of a rally due to not only the RBA being a little less dovish than thought, but at the same time we got confirmation that the Americans and the Chinese were meeting in October again.
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