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The U.S. dollar climbed to its highest level against the Japanese yen in more than 2 decades. The European Central Bank has a monetary policy announcement in less than 24 hours. Still, halfway through the week, persistent demand for U.S. dollars continues to be the primary driver of currency flows. The Federal Reserve’s aggressive tightening this year is the main...

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AUDUSD May fall 38-58 pips SHORT POSITIONS below 0.7235 with targets at 0.7160 and 0.7140 in extension LONG POSITIONS above 0.7235 look for further upside with 0.7255 and 0.7270 as targets Current Position Buy: 0.72080 SL: 0.71926 TP: 0.72278 Trade Safe

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The U.S. dollar rose in early European trade Wednesday with risk sentiment on the wane as central banks tighten monetary policy, likely weighing on global economic growth. The Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% higher. Central banks around the globe have started to respond to soaring inflation by...

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Hi Traders!! AUDUSD May rise 16-36 pips LONG POSITIONS above 0.7150 with targets at 0.7195 0.7215 and 0.7240 SHORT POSITIONS below 0.7150 look for futhur downside with 0.7135 and 0.7120 as targets Current Position Buy: 0.71824 SL: 0.71674 TP1: 0.72024 TP2: 0.72150

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Hello Traders and Investors, I bring you the Weekly Newsletter for the AUDUSD pair Australia releases Q1 GDP on Wednesday and trade balance on Thursday. The trade balance will be closely watched to see if the Chinese slowdown is impacting Australia’s terms of trade which could be a negative for equities. The Australian dollar has sat on the US dollar...

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Hello Friends, Traders and Investors. With a lot of choppy Price Action in the markets. The Australian Dollar is up 0.53% at 0.71370. THE USD fell to a one month low. LONG POSITIONS above 0.7105 with targets at 0.7110 and 0.7190 SHORT POSITIONS below 0.7105 look for downside with targets at 0.7080 and 0.7060 Comments As Markets considered whether the...

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Hello Friends, Traders and Investors. I bring you the daily update for the Aussie. SHORT POSITIONS below 0.7095 with targets at 0.7030 and 0.7000 LONG POSITIONS Above 0.7095 look for further advance with 0.7115 and 0.7130 as targets The minutes from the early May Fed meeting, released Wednesday, indicated that the central bank policymakers will be sticking...

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Hello Friends! SHORT Positions below 0.7110 with targets at 0.7065, 0.7040 and 0.7005 in extension Alternatively, A break of 0.7110 look for further upside with 0.7125 and 0.7140 With Key Resistance at 0.7110 the sentiment of 0.7065 breaking remains high The dollar hit a fresh one month low on Tuesday as broad sell off in stock markets failed to boost the...

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Hello Friends! AUDUSD May rise 23-43 pips during the Pre London to London session. LONG POSITIONS above 0.7055 with targets at 0.7110 0.7130 and 0.7150 Alternatively below 0.7055 look for further downside with 0.7030 and 0.7000 as targets Markets will be trading with a new government starting today in Australia with a huge shift in politics , the Aussie...

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Hello Friends! I bring you today’s analysis for the AUDUSD pair AUDUSD 0.70 for the past few weeks are solid support and long is the only trade in my opinion. The Australia dollar is struggling to convincingly reclaim the $0.70 handle following a six week long slide against the USD. The RBA has only started with its tightening cycle and the size of the rate...

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Hello Friends! I bring you today’s analysis for the AUDUSD pair A bargain long opportunity will trigger around 0.70470 and 0.70600 and will send the pair towards Thursday’s high at 0.70730 followed by April 21 low at 0.7100. On the flip side, the USD bulls could regain control if the asset drops below Wednesday’s low at 0.6948 followed by 0.6910 and 0.6830....

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Hello Friends! I bring you today’s analysis for the AUDUSD pair The Aussie pair rose 0.73% to 0.7004 just above the psychological impo taya to 70 cent level. Overnight , the currency has retreated 1.1% from a high of 0.70168. The AUDUSD pair shook off a smaller than forecast increase in the employment change which was 4000 in April 2022 with full employment...

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Hello Friends! I bring you today’s analysis for the AUDUSD pair Investors are still on the fix on an unexpected hawkish RBA. With Employment data released tomorrow bulls will be on the look out for that report. Employment is expected to report job additions in the total labor force at 30k higher than prior at 17.5k. Unemployment Rate may improve to 3.9% against...

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Hello Friends! I bring you today’s Analysis for the Aussie. With the AUDUSD pair up 0.39% AUDUSD inched closer to 0.70 which is the first technical objective for the bulls followed with 0.7050. Minutes of the Reserve Bank of Australia’s May Monetary Policy Meeting showed that members considered three options , hiking rates by 15bps 25bps or 40 bps AUDUSD...

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China has released April activity data including Retail Sales , with a consensus -6.6% for the year versus -3.5% in March. The disappointing data reversed the AUDUSD pair , dripping back towards 0.69. The Absence of any major updates on that front over the weekend , however, seemed to have paused the pairs buyers. Technically , AUDUSD traders will keep...

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Hello Friends! Today I Bring you the market analysis for the week ahead on the AUDUSD pair Since the central bank induced bounce in the Australian dollar (May 4), it has tumbled about 6% to the May 12 low of around $0.6830. Nearly half of that decline was recorded on May 11 and 12, yet the bounce ahead of the weekend was not particularly impressive. It was...

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In the near term AUDUSD's downside could visit the 0.68 region in the next weeks. AUD bulls are slowly stepping into the market. The weekly chart looks very bearish and price is looking likely to visit the 0.68 weekly structure. The 0.68 seems to protect the downside but some follow through selling will convince the bears and may push price below. This is an...

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The RBA has moved to state it is committed to doing what is necessary to ensure that inflation in Australia returns to target over time. Also the continued tightening of the labour market also supports tighter monetary policy and investors expect at least another 150bps by the end of the year. Unempolyment under 4% underlines need for additional tightening with...