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Could "Doji" candles on AUD/USD be set to signal a turnaorund?
Investor sentiment has shown signs of improvement in the past 24 hours. The flows into safe haven assets are beginning to reverse with the gold price and the yen weakening and Treasury yields also up off their recent lows. The move is also coinciding with an element of support that the oil price has formed. Even if the oil price cannot form a sustainable recovery, the curbing of the downside is the most important aspect as it may help to assuage fears that a lack of demand is a key factor behind the recent slide. The release of a reassuring set of meeting minutes from the Federal Reserve has also helped to calm ... (full story)
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